Shanghai SASAC focuses on cryptocurrencies and stablecoins: facilitating the construction of five centers through the integration of production and data

Recently, the Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission held a central group study meeting, and included the development trends and response strategies of cryptocurrencies and stablecoins in the key learning topics. This move not only demonstrates Shanghai's high attention to the emerging financial technology field, but also highlights the strategic foresight of the local state-owned assets system in grasping the wave of digital economy.

He Qing, Secretary of the Party Committee and Director of the Municipal State-owned Assets Supervision and Administration Commission, pointed out a clear path for Shanghai state-owned assets and state-owned enterprises to deploy in the field of digital currency at the meeting. Adhering to innovation-driven development requires state-owned enterprises to maintain a keen sense of smell for cutting-edge technologies such as blockchain and digital currency, and to consolidate technical reserves through continuous research and exploration. This is the basis for responding to financial technology changes; adhering to the integration of production and numbers, closely combining technological innovation with industrial applications, exploring the efficiency improvement of digital currency settlement in cross-border trade, exploring the trust mechanism value of blockchain technology in supply chain finance, and opening up new channels for value transfer in the field of asset digitization, so that technological innovation can truly serve the real economy; adhering to hard work and making progress has put forward higher requirements for state-owned assets and state-owned enterprises, and it is necessary to promote the formation of a deeply integrated ecological system of science and technology, finance, and industry by improving strategic agility and initiative.

As the main force in the construction of Shanghai's "Five Centers", state-owned assets and state-owned enterprises play a vital role in scientific and technological innovation, industrial control, and security support. The active layout in the field of digital currency can not only enhance the digital competitiveness of Shanghai International Financial Center, but also inject new momentum into the construction of trade centers, shipping centers, etc. The convening of this study meeting indicates that the Shanghai state-owned assets system has incorporated the exploration of digital currency-related fields into the overall development. In the future, it is expected to seize the commanding heights of the digital economy under the premise of standardized development through government-enterprise collaboration and industry-research linkage, and contribute the strength of state-owned enterprises to the improvement of Shanghai's urban energy level.