Foresight News reports that on July 10, the Shanghai Municipal State-Owned Assets Supervision and Administration Commission held a group study meeting focused on the development trends and response strategies of cryptocurrencies and stablecoins. He Qing, Secretary and Director of the Municipal State-Owned Assets Supervision and Administration Commission, pointed out the need to fully implement the spirit of the 12th Municipal Party Committee's 7th Plenary Session, adhere to innovation-driven approaches, maintain a keen perception of emerging technologies, and strengthen research and exploration of digital currencies. The focus should be on integrating production and data, exploring the application of blockchain technology in areas such as cross-border trade, supply chain finance, and asset digitalization. We must remain proactive and capable, enhancing strategic agility and initiative, further promoting the deep integration of technology, finance, and industry, and better leveraging the important role of state-owned assets and enterprises in technological innovation, industrial control, and security support, making new and greater contributions to the construction of Shanghai's 'Five Centers'.