This marks the first time China has explicitly tasked state-owned enterprises, rather than its central bank, with developing digital currency infrastructure. The involvement of Shanghai Data Group, which handles the city's major data processing, represents an unprecedented merger of municipal data management with state-controlled digital currency - a model that could enable granular financial monitoring at the city level.
July 15, 2025
✨ AI Enhanced
Shanghai State Firms to Launch Yuan-Backed Digital Currency System
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Shanghai, China
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11:09 PM (3 days, 21 hours ago)
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5 views
51
SCORE
Prophetic Relevance Analysis
2 prophetic indicators detected •
Source reliability: 6/10
📰 What Happened
Shanghai's State-owned Assets Supervision and Administration Commission (SASAC) has directed two state-owned organizations to explore launching yuan-backed stablecoins. The initiative involves Guotai Haitong and Shanghai Data Group, with SASAC Director He Qing leading the research effort. This July 2025 development signals China's strategic move to enhance its cross-border payment capabilities and strengthen its position in global digital finance through government-controlled digital currencies.
📖 Prophetic Significance
The delegation of digital currency development to Shanghai's state firms reveals a strategic pattern aligning with the Kings of the East prophecies. By combining municipal data control (Shanghai Data Group) with financial institutions (Guotai Haitong), China is creating a uniquely centralized system that could influence global trade. This infrastructure could enable China to exercise economic control over the 'nations beyond the Euphrates' (Rev 16:12), particularly through its Belt and Road Initiative partners. The yuan-backed stablecoin specifically positions China to challenge the current Western-dominated financial system, potentially fulfilling the role of economic power shifting eastward in end-times prophecy.
What Makes This Event Unprecedented
🔗 Biblical Prophecy Connections
Revelation 16:12 - China's state-controlled digital currency system strengthens the Kings of the East's economic influence
Revelation 13:17 - The combination of municipal data control with state digital currency creates infrastructure for controlled buying and selling
Daniel 11:43 - The yuan-backed stablecoin system positions China to gain control over financial treasures and precious things
💡 What This Means for Believers
Shanghai's state firms are creating a government-controlled digital currency system that combines financial and data control
China is establishing infrastructure for economic dominance in Asia through state-owned enterprise partnerships
Monitor development of city-level implementation of digital currency controls through municipal data systems
🙏 Prayer Focus
Pray for wisdom for believers in Shanghai as state-controlled digital currency systems develop
Ask for discernment as China's economic influence grows through new financial technologies