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

BlockBeats News, July 11th. On July 10th, the Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission held a central group study session to learn about the development trends of cryptocurrency and stablecoins and the corresponding strategies. He Qing, 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, adhere to innovation-driven development, maintain a keen awareness of emerging technologies, and strengthen research and exploration of digital currency. It is important to promote the integration of production and finance, explore the application of blockchain technology in areas such as cross-border trade, supply chain finance, and asset digitization. By persevering in striving for progress, enhance the ability for strategic agility and initiative, further promote the deep integration of technology, finance, and industry, better leverage the important role of state-owned assets and enterprises in technological innovation, industrial control, and security support, and make new and greater contributions to the construction of Shanghai's "Five Centers" (Caixin).