Shanghai SASAC held a central group study session on the development trends of cryptocurrency and stablecoin and response strategies.

July 11th. On July 10th, the Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission held a central group study session. The purpose was to study the development trends of cryptocurrency and stablecoins and the corresponding strategies. He Qing, who is the Secretary and Director of the Party Committee of the Municipal State-owned Assets Supervision and Administration Commission, pointed out that it is necessary to fully implement the spirit of the Seventh Plenary Session of the Twelfth Municipal Party Committee. We should adhere to innovation-driven development, maintain a keen awareness of emerging technologies, and strengthen the research and exploration of digital currency. It is of great importance to promote the integration of production and finance. We need to explore the application of blockchain technology in fields such as cross-border trade, supply chain finance, and asset digitization. By persevering in making progress, we can enhance the ability for strategic agility and initiative. Furthermore, we should further promote the deep integration of technology, finance, and industry. We should better leverage the important role of state-owned assets and enterprises in technological innovation, industrial control, and security support. In this way, we can make new and greater contributions to the construction of Shanghai's "Five Centers" (Caixin).