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Shanghai State-owned Assets Supervision and Administration Commission Holds Central Group Study Meeting on Development Trends and Response Strategies for Cryptocurrency and Stablecoin

Summary: According to Caixin, the Shanghai State-owned Assets Supervision and Administration Commission Party Committee held a central group study meeting on July 10 to discuss the development trends and response strategies for cryptocurrency and stablecoin. He Qing, Secretary and Director of the Party Committee of the State-owned Assets Supervision and Administration Commission, emphasized the need to ...

According to Caixin, the Shanghai State-owned Assets Supervision and Administration Commission Party Committee held a central group study meeting on July 10 to discuss the development trends and response strategies for cryptocurrency and stablecoin. He Qing, Secretary and Director of the Party Committee of the State-owned Assets Supervision and Administration Commission, emphasized the need to fully implement the spirit of the Seventh Plenary Session of the Twelfth Municipal Party Committee, adhere to innovation-driven development, maintain a keen sense of new technologies, and strengthen research on digital currency. The commission will explore the integration of production and data, as well as the application of blockchain technology in areas such as cross-border trade, supply chain finance, and asset digitization. By enhancing strategic agility and initiative, the commission aims to further promote the deep integration of technology, finance, and industry, and leverage the important role of state-owned assets and enterprises in technology innovation, industry control, and security support to make greater contributions to the construction of Shanghai's five centers. (Caixin)

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