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

On July 11, the Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission held a study meeting of the central group on July 10, focusing on the development trends and response strategies of crypto assets and stablecoins. He Qing, Secretary of the Party Committee and Director of the Municipal State-owned Assets Supervision and Administration Commission, pointed out that it is necessary to fully implement the spirit of the 12th Municipal Party Committee's 7th Plenary Session, adhere to innovation-driven development, maintain sensitivity to emerging technologies, and strengthen research and exploration of digital money. We must adhere to the integration of production and data, and explore the application of blockchain technology in cross-border trade, supply chain finance, and asset digitization. We must persist in being proactive and energetic, enhance our strategic agility and initiative, further promote the deep integration of technology, finance, and industry, and better play the important role of state-owned assets and enterprises in technological innovation, industrial control, and security support, making new and greater contributions to the construction of Shanghai's "Five Centers." (Financial Associated Press)