At the close of the largest SCO Summit yet in Tianjin, Chinese Foreign Minister Wang Yi revealed a landmark agreement: the long-awaited Shanghai Cooperation Organisation Development Bank will now take shape, bolstering multilateral economic cooperation and infrastructure across Eurasia. Laos was welcomed as a new dialogue partner, raising the SCO family to 27. Wang emphasized this move as a strategic advance in regional stability, multilateralism, and shared prosperity among member states.