The Shanghai State-owned Assets Supervision and Administration Commission focuses on Crypto Assets and stablecoins: How can state-owned enterprises lead the new wave of the digital economy?
Under the global wave of the digital economy, the development of Crypto Assets and stablecoins is profoundly affecting the financial landscape. As an economic powerhouse in China, Shanghai's attitude towards this emerging trend has garnered significant attention. On July 10, 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. This not only demonstrates Shanghai's keen perception of emerging technologies but also signifies that state-owned enterprises will play a more crucial role in promoting the deep integration of technology, finance, and industry, as well as in supporting the construction of Shanghai's "five centers."