On July 11 (UTC+8), the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) Party Committee held a central group study session, focusing on 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 research and exploration of digital currencies. Adhere to the integration of industry and data, and explore the application of blockchain technology in cross-border trade, supply chain finance, asset digitization, and other fields. 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, better play the important role of state-owned assets and state-owned enterprises in technological innovation, industrial control, and security support, and make new and greater contributions to Shanghai's "Five Centers" construction. (Source: CaiLian Press) [MetaEra]