传媒：数据要素相关政策密集落地，行业进入加速发展期

Investment Rating - The industry investment rating is maintained as "Overweight" [1][10]. Core Insights - Recent policies related to data elements are being implemented, indicating that the industry is entering a period of accelerated development [1]. - The data industry is projected to achieve a compound annual growth rate (CAGR) exceeding 15% by 2029, supported by government initiatives aimed at enhancing data resource development and utilization [1][6]. - Pilot programs in selected cities to open credit regulatory data are expected to benefit individual businesses and enhance payment convenience for foreign visitors [1][6]. Summary by Sections Policy Developments - On October 8, multiple government agencies released guidelines for building a national data standard system, aiming for completion by the end of 2026 [1]. - The guidelines include the establishment of over 30 national standards in data management and services, along with the creation of third-party standardization service institutions [1]. Industry Growth Projections - The National Data Bureau's recent opinions emphasize a focus on high-quality development in the data industry, with a target CAGR of over 15% by 2029 [1][6]. - The government plans to support data-intensive industries such as autonomous driving and low-altitude economy, fostering the growth of data enterprises and open data communities [1]. Pilot Programs and Market Impact - A pilot program has been initiated in eight cities to open credit regulatory data to platform enterprises, which is expected to facilitate the verification of individual business information and enhance customer acquisition channels [1][6]. - This initiative is projected to cover over 11 million individual businesses, marking a significant step in realizing the value of data [6]. Investment Recommendations - The report suggests focusing on leading companies with competitive advantages in data resources, rights, trading, and applications within high-growth sectors [7].