The Shanghai Municipal SASAC Party Committee Conducts Central Group Study on Cryptocurrency and Stablecoin Development Trends and Coping Strategies
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Author:小编   

On the 10th, the Party Committee of the State-owned Assets Supervision and Administration Commission (SASAC) of Shanghai Municipality convened a central group study session, presided over by He Qing, the Party Secretary and Director. During the session, He Qing underscored the importance of thoroughly implementing the directives from the Seventh Plenary Session of the 12th Municipal Party Committee. He emphasized the necessity to concentrate on innovation-driven development, astutely identify emerging technological trends, and intensify research into digital currencies. Furthermore, he stressed the need to foster integration between industries and digital technology, and to explore the utilization of blockchain technology in realms such as cross-border trade, supply chain finance, and asset digitization.

Additionally, He Qing highlighted the significance of enhancing strategic agility and proactivity, fostering deep integration among technology, finance, and industry. He emphasized the pivotal role of state-owned assets and enterprises in scientific and technological innovation, industrial control, and security assurance, aiming to contribute to the development of Shanghai's "Five Centers" initiative.