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The meeting mainly discussed and reached multiple consensuses on topics such as the macroeconomic situation and policy, and strengthening regional financial cooperation. Minister of Finance Lan Fo'an attended the meeting and delivered a speech. The co-chairs of the Multilateral Consultation Meeting of the Shanghai Cooperation Organization (SCO) Development Bank, China and Kyrgyzstan, reported the latest progress on establishing the SCO Development Bank at the meeting. Lan Fo'an pointed out that this year marks the 25th anniversary of the founding of the SCO. Over the past 25 years, the SCO has upheld the “Shanghai Spirit” and played an important role in maintaining regional security and stability as well as promoting regional economic cooperation. At present, the international environment is complex and severe, and global economic recovery faces greater difficulties. SCO member states should uphold the “Shanghai Spirit,” implement the consensus of the Tianjin Declaration, practice the global governance initiatives, deepen policy communication and pragmatic cooperation in the financial sector, and jointly promote regional prosperity and stability.Lan Fo'an emphasized that the establishment of the SCO Development Bank is an important political decision made at the Tianjin Summit. After the Tianjin Summit, all parties, adhering to the principle of openness and inclusiveness, launched a mechanism for multilateral consultations for the SCO Development Bank. China is willing to work with all parties to accelerate the preparation process for the SCO Development Bank in line with the principles of internationalization, standardization, and high standards, contributing pragmatic outcomes to this year's SCO Leaders' Summit.Lan Fo'an stated that China has always been a positive promoter of world economic prosperity and stability and the greatest source of certainty. Since the beginning of this year, China's economy has continued its stable and positive trend, demonstrating strong resilience and vitality. China will continue to pursue high-quality development, expand high-level opening-up, and share development opportunities and dividends with SCO members and countries around the world.During the meeting, Lan Fo'an held bilateral talks with Kyrgyzstan’s Minister of Finance Suinaliev upon request and exchanged greetings or held discussions with representatives from Kazakhstan, Tajikistan, Uzbekistan, and the SCO Secretariat, exchanging views on various bilateral and multilateral financial issues of mutual concern.

Qatar's Deputy Prime Minister Sheikh Saoud bin Abdulrahman Al Thani stated on Saturday that permanent charges will affect consumers, and Qatar opposes any measures to impose such fees. However, he noted that short-term charges for purposes like demining could be considered. "Qatar and partner countries in the Gulf region have made it very clear that the imposition of transit fees will ultimately always affect consumers, so we oppose this approach," Sheikh Saoud said. "But if it’s for specific periods, and they say it’s a temporary charge for demining or similar purposes, that is negotiable."

Odaily reported that Robinhood has announced it is the core technology and service provider for the "Trump Account" investment program, which officially launched this Thursday. Analysts believe that although the "Trump Account" offers limited short-term returns, the program is essentially a long-term user acquisition initiative driven by U.S. government funding. This could drive Robinhood's future expansion in sectors such as brokerage, crypto, credit cards, and AI financial services. The partnership with institutions like BNY to build infrastructure may make Robinhood the "first investment gateway" for millions of minors, reducing customer acquisition costs and strengthening long-term user retention. (FinanceFeeds)