Shenchao TechFlow news, on July 14, according to Zhitong Finance, the company has noted that there has been a high level of interest in the concept of stablecoins in the market recently. After conducting a self-inspection, the company confirmed that it is not currently engaged in any stablecoin-related business. The company’s operations in the Beihai High-tech Park do not involve the stablecoin industry either. The company holds shares in Pujiang Shulian and Shufake, with a 6% stake in Pujiang Shulian and a 2.56% stake in Shufake. The company’s investment in the aforementioned two associate companies is relatively low, and it does not participate in the daily operations and management of these two associate companies, which will not have a significant impact on the company’s operating performance.