Exploring the Landscape of Cryptocurrencies
The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) convened a pivotal central group study session to explore the evolving landscape of cryptocurrencies and stablecoins, alongside their potential implications.
Innovative Development and Emerging Technologies
He Qing, who serves as both the Secretary and Director of the Commission’s Party Committee, emphasized the importance of aligning with the principles outlined in the Seventh Plenary Session of the Twelfth Municipal Party Committee. He stressed the need for an innovative approach to development and advocated for a heightened awareness of emerging technologies in this rapidly changing field.
Digital Currency Research and Applications
During the session, He highlighted the importance of delving into digital currency research and its applications, particularly in sectors such as cross-border trade, supply chain finance, and the digitization of assets. By fostering collaboration between production and finance, the Commission aims to not only enhance strategic responsiveness but also to accelerate the integration of technology and industry.
Role of State-Owned Enterprises
He reiterated that it is crucial for state-owned assets and enterprises to play a significant role in technological innovation and industrial governance while also ensuring security measures are in place. Such initiatives are vital for contributing meaningfully to the development of Shanghai’s ambitious goal of becoming a hub driven by its “Five Centers”—a strategic vision for the city’s future growth.
