Shanghai State-owned Assets Supervision and Administration Commission held a central group study meeting on the development trends and response strategies of cryptocurrencies and stablecoins

Planet Daily News: On July 10, the Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission held a center group learning meeting, focusing on the development trends and response strategies of cryptocurrencies and stablecoins. He Qing, the Party Committee Secretary and Director of the Municipal State-owned Assets Supervision and Administration Commission, pointed out that they should comprehensively implement the spirit of the Seventh Plenary Session of the 12th Municipal Party Committee, adhere to innovation-driven development, maintain keen perception of emerging technologies, and strengthen research and exploration of digital currencies. They should persist in integrating data and finance, explore blockchain technology applications in cross-border trade, supply chain finance, and asset digitization. By maintaining a proactive approach, they aim to enhance strategic agility and initiative, further promote 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 Shanghai's "Five Center" construction. (Cailian News)