Shanghai SASAC Explores Blockchain Integration Strategies

Shanghai SASAC held a central group study on July 10, analyzing cryptocurrency trends and blockchain application strategies in Shanghai, led by Director He Qing.

This event underscores Shanghai’s continued technological push, highlighting the integration of blockchain in supply chains, finance, and trade without immediate market implications.

Shanghai Analyzes Crypto and Blockchain for Future Tech Competitiveness

Shanghai SASAC conducted a strategic study session on July 10, involving top officials to examine cryptocurrency development. The focus is to align Shanghai’s global competitiveness with emerging technological trends. Director He Qing emphasized the need for strong support of blockchain integration in digital currency research.

No direct financial or policy change has been observed following the session. No prominent figures have publicly reacted; the focus remains on research execution. Media outlets and comments from crypto influencers are notably absent, further solidifying the session as exploratory.

“The session underscores Shanghai’s intent to remain at the forefront of digital technology integration within state-owned enterprises.” — He Qing, Source

Insights on Shanghai’s Historical Blockchain Focus and Future Impacts

Did you know? Shanghai’s initiative mirrors past Chinese research focuses, particularly digitized finance, which previously improved sentiment in permissioned blockchain markets.

Ethereum (ETH) is currently priced at $2,806.57 with a market cap of $338.79 billion, holding 9.72% market dominance. Over the last 24 hours, ETH’s price increased by 5.43%, supported by a $28.48 billion trading volume (33.99% increase). CoinMarketCap data shows a 79.71% rise over 90 days as of July 10, 2025.

The Coincu research team suggests Shanghai’s focus could spur regional blockchain development. Historical trends indicate SASAC’s actions may inform regulatory frameworks across industries, highlighting blockchain’s potential in supply chain logistics and digital finance. Despite no direct policy changes, these deliberations could steer future implementation and innovation.