Shanghai’s Cryptocurrency Strategy Spurs A-Share Blockchain Stock Surge

Initial market responses show substantial enthusiasm among traders, sending these stocks to significant gains. Despite this, primary leadership has yet to comment on the implications or future planning.

This surge was driven by the Shanghai State-Owned Assets Supervision and Administration Commission’s discussion on cryptocurrencies and stablecoins, influencing investor sentiment.

Shanghai Stocks Surge on Crypto Policy Discussions

The rally in A-share blockchain stocks follows the Shanghai State-Owned Assets Supervision and Administration Commission’s central group meeting. Hengbao Co., Ltd., Pulin Software, and Zhongke Jincai reached their daily limits, suggesting positive sentiment in technology and financial infrastructure sectors.

Market analysts attribute rising shares to enhanced sentiment due to governmental discussions. However, “Currently, there are no direct quotes or official statements available from primary leadership or authoritative sources regarding the recent rally in A-share digital currency and blockchain concept stocks” nor from the Shanghai SASAC’s study on cryptocurrencies and stablecoins.

Did you know? Similar rallies occurred in the past when Chinese authorities signaled digital economy interests, impacting regional stock movements yet having limited global crypto market effects.

Stablecoin Talks Influence China’s Blockchain Market

Did you know? Similar rallies occurred in the past when Chinese authorities signaled digital economy interests, impacting regional stock movements yet having limited global crypto market effects.

According to CoinMarketCap, Bitcoin (BTC) trades at $117,478.86 as of July 11, 2025, with a market cap of $2.34 trillion and a 24-hour trading volume increase of 72.72%. Over 90 days, Bitcoin’s price surged by 40.96%.

Coincu research suggests sustained interest in blockchain could drive further stock inflations and regulatory interest. However, long-term technological advancements are crucial for enduring impacts beyond immediate stock market fluctuations.