FINANCE

Shanghai State-Owned Authorities Explore Approaches to Stablecoin Strategy

Published: Jul. 12, 2025 3:36 a.m. GMT+8

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Shanghai State-owned Assets Supervision and Administration Commission held a high-level study session on stablecoins on July 10, 2025.

As global interest in stablecoins grows, Shanghai’s state-owned enterprises are taking notice. On Thursday, the city’s State-owned Assets Supervision and Administration Commission (SASAC) held a high-level study session to examine the development of cryptocurrencies and stablecoins — signaling increased attention from local authorities on digital currency strategies.

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Shanghai SASAC held a high-level session on stablecoins and digital currency strategies, signaling growing local government attention.
Experts highlighted stablecoins’ potential for cross-border trade but warned of risks; report predicts dominant currencies will lead a “winner-takes-all” outcome.
While China remains wary of cryptocurrencies, some analysts suggest supporting yuan-pegged stablecoins to boost the currency amid global digital finance shifts.

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Who’s Who

Guotai Haitong Securities: Guotai Haitong Securities is a firm with a Policy and Industry Research Institute, where Li Mingliang serves as chief policy analyst. The company has published reports on stablecoins, noting concerns about their inherent stability and suggesting that only the most trusted currencies are suitable for issuing large volumes of stablecoins.

AI generated, for reference only