On July 11, the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) Party Committee held a central group study session on July 10 to study the development trends and response strategies of cryptocurrencies and stablecoins. He Qing, Secretary of the SASAC Party Committee and Director, pointed out that it is necessary to fully implement the spirit of the Seventh Plenary Session of the 12th Shanghai Municipal Party Committee, adhere to innovation-driven development, maintain a keen awareness of emerging technologies, and strengthen the research and exploration of digital currencies. Adhere to the integration of production and numbers, and explore the application of blockchain technology in cross-border trade, supply chain finance, and asset digitization. Adhere to奮發有為 (fèn fā yǒu wéi, striving for progress), improve the ability of strategic agility and strategic initiative, further promote the deep integration of technology, finance, and industry, and better play the important role of state-owned assets and state-owned enterprises in technological innovation, industrial control, and security support, so as to make new and greater contributions to Shanghai's construction of "five centers." (Cailian Press) [BlockBeats]