Group 1 - The Ministry of Natural Resources will hold a press conference on May 16 to discuss the role of land spatial planning in promoting high-quality urban development [2] - The 2025 Data Security Development Conference will take place from May 16 to 18 in Zhejiang, focusing on marketization of data elements and data security driven by AI [3] - A total of 12 companies will have their restricted shares unlocked today, with a total unlock volume of 116 million shares, amounting to a market value of 2.325 billion yuan [4] Group 2 - 34 companies have disclosed their stock repurchase progress, with 4 companies announcing new repurchase plans and 17 companies having their plans approved by shareholders [5] - The People's Bank of China will have 77 billion yuan of 7-day reverse repos maturing today, with an operation rate of 1.4% [5] - Upcoming data releases include the annualized new housing starts in the US for April and the seasonally adjusted trade balance for the Eurozone for March [6]

Core Insights - The Northern Big Data Trading Center (referred to as "Beishu") has officially launched a points data trading section, enhancing its platform capabilities and driving innovation in the national data factor market [1] Group 1: Innovative Model - Beishu has developed the first domestic trading platform for consumer points data, named "Shufen Tong," utilizing cutting-edge technologies such as blockchain and smart contracts [2] - The platform allows users to freely transfer idle points through a "real consumption + smart listing" model, ensuring transparent and trustworthy transactions, thus creating a virtuous cycle of "consumption - points - trading - re-consumption - data value enhancement" [2] - The brand "Jindian Yichong," operated by Beijing Jindian Chuangzhi Technology Co., Ltd., is the first practitioner of this cycle, focusing on building a nationwide intelligent charging network for electric bicycles and cars, serving over 1.4 million customers [2] - The trading volume of "source power value" has exceeded 80,000, demonstrating market vitality in the circulation of consumer data [2] Group 2: Ecological Collaboration - Beishu plans to collaborate with operators, financial institutions, and consumer merchants to deeply integrate points trading with derived services from consumer data [3] - By activating points circulation, high-value data products such as consumer behavior analysis and regional consumption trend forecasting will be developed to empower precise decision-making for enterprises [3] - Beishu aims to expand multi-industry cooperation and explore innovative scenarios for points consumption data applications and data trusts, establishing a unified national market for consumer data [3] - The company is committed to contributing to the construction of a digital China with its "Tianjin solution" by leveraging technology and compliance for high-quality development [3]

Core Viewpoint - The restructuring and optimization of data trading institutions in China is progressing steadily, driven by multiple factors including policy, market conditions, and internal development needs [3]. Group 1: Policy Influence - The national strategic planning for the digital economy is promoting the standardization and improvement of the data factor market, as highlighted by the approval of the decision to cultivate a unified national technology and data market [1]. - The restructuring of local data trading institutions is necessary to align with national strategic directions and integrate into a nationwide data market system [1]. Group 2: Market Conditions - The current construction of data trading venues is diverse, including government-led, enterprise-based, and independent operations, which, while stimulating market vitality, has led to ambiguities in the public service and profit-driven goals of institutions [2]. - The integration and restructuring of data trading institutions are seen as key to resolving deep-seated contradictions, enabling a low-cost, high-efficiency trading environment and establishing a scientific data pricing mechanism [2]. Group 3: Internal Development - The competition landscape of the data trading industry is being reshaped by technological advancements and security demands, with emerging technologies like AI and blockchain requiring higher standards for technical architecture and security capabilities [2]. - Through restructuring, the industry can concentrate technical resources to develop unified data trading technology standards and security systems, facilitating a comprehensive upgrade from data rights confirmation to risk management [2]. Group 4: Differentiated Development - The optimization and restructuring process is not merely about homogenization; data trading institutions must leverage their existing product characteristics and advantages to achieve differentiated development [3]. - Institutions are encouraged to accurately position their strengths and develop unique data products and services, contributing to a rich and collaborative data trading market system [3].

闫丽君 烟台报道 通讯员 孙文杰 徐向辉 实习生 曹宇涵 5月8日,"数据市场建设暨供需对接齐鲁行"首站活动在烟台成功举办。其间,烟台市数据要素服务平台正 式上线运行,14家数据企业达成供需合作意向。现场,多位专家通过讲解政策、分享案例等形式,助力烟台 积极探索数据要素市场化价值化路径,激活数据要素潜能,繁荣数据市场生态。 烟台市数据要素服务平台上线 涵盖七大功能模块 5月8日,在"数据市场建设暨供需对接"齐鲁行首站活动期间,烟台市数据要素服务平台正式上线运行,作为 烟台市数据要素基础设施建设的新成果,该平台将成为激发数据价值、赋能高质量发展的新引擎。 "烟台市数据要素服务平台按照城市可信数据空间技术要求,打造出集公共数据运营、企业数据开发流 通、数据产业服务三位一体的数据要素基础设施。"烟台市大数据局数据资源科科长苏家志介绍,平台具 有数据要素产品超市、数据资产服务平台、数据运营管理平台、数据运营监管平台、数据安全管控平 台、数据产品开发系统、数据产品交付系统等七大功能模块,同时引入数据沙箱、隐私计算、区块链等 前沿技术,打造了"数据不出域、可用不可见"的可信流通环境。 据了解,烟台依托数据要素服务平台,打 ...

Important Market News - The high-level economic and trade talks between China and the U.S. were held in Geneva from May 10 to 11, resulting in substantial progress and important consensus on mutual economic concerns [1] Industry Insights - On May 11, the humanoid robot startup Songyan Power launched a new generation of bionic robot named Xiao Nuo, featuring multi-modal interaction and near-human facial expressions. The company has already secured over 1,000 orders for its N2 robot, which has gained attention for its performance in various terrains [2] - The introduction of 5G-A technology is being noticed by consumers in cities like Beijing and Shanghai, enhancing communication capabilities significantly compared to 5G. The expected investment in 5G-A in China is projected to reach 120 billion yuan by 2025, driving growth in related industries [3] - A new online platform for "brain-computer interface patents and intellectual property" was launched at the 2025 Pujiang Innovation Forum, marking a significant step in the commercialization of brain-computer interface technology, with a market potential projected to reach $150 billion by 2040 [4] - The State Council approved the draft of the "Regulations on Government Data Sharing," aiming to enhance public service efficiency and promote the integration of data resources, which is expected to benefit cloud computing and big data platform companies [5][6] Risk Alerts - Xi'an Qujiang Cultural Tourism announced that its major shareholder's 12 million shares will be auctioned, representing 10.48% of its holdings and 4.7% of the company's total shares, although this will not affect the company's operations [7] - Keli Ke plans to reduce its shareholding by up to 14.647 million shares, accounting for 3% of the total shares, while other executives also plan to sell a small percentage of their shares [8]

Group 1 - The State Council has approved the draft of the "Regulations on Government Data Sharing," aiming to break down data barriers while ensuring data security, promoting more inclusive and convenient public services [1] - The National Development and Reform Commission has released the "China Business Environment Development Report (2025)," highlighting that data is a core driver of continuous economic innovation and is crucial for improving operational efficiency [1] - With the advancement of government data sharing, data governance service providers and privacy computing technology companies are expected to see growth opportunities, benefiting cloud computing, big data platforms, and data security technology companies [1] Group 2 - Huatai Securities emphasizes the importance of a data circulation infrastructure that connects multiple parties to realize shared data resources, which is essential for building a unified national data market [2] - The director of the China Academy of Information and Communications Technology stated that government data involves key areas such as national economic operation and public welfare, and that data sharing must prioritize data security and personal information protection [2] Group 3 - Aofei Data is a professional data center operator and telecommunications service provider, having built multiple self-owned data centers in South China and operating numerous high-standard data centers nationwide [3] - Data Harbor offers customized planning, design, system integration, and operational management services to meet unique data center service needs, achieving superior energy efficiency compared to traditional data centers [3] - Inspur Information has developed a product portfolio that includes general servers, AI servers, edge servers, storage, and switches, focusing on both centralized and distributed server applications to enhance industry chain collaboration [3]

Industry Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [1] Core Viewpoints - The report highlights the acceleration of data value transformation, with high-quality datasets empowering AI development. The Digital China Summit emphasized the importance of high-quality datasets in driving AI advancements [4][5] - The establishment of various high-quality data collection projects across multiple cities indicates a growing focus on data-driven applications in sectors such as healthcare, transportation, education, and finance [5][6] - The report notes the launch of the first data asset securitization project in China, which marks a significant step in the marketization of data elements and provides a new financing channel for the digital economy [7][8] Summary by Relevant Sections Industry Basic Situation - The closing index is at 4675.66, with a 52-week high of 5440.49 and a low of 2805.53 [1] Relative Index Performance - The report provides a forecast of relative performance for the computer industry against the CSI 300 index, showing a potential increase of 24% to 46% from May 2024 to December 2025 [3] Key Companies and Investment Ratings - Notable companies in the industry include: - Sanwei Tiandi (Buy) with a closing price of 28.88 and a market cap of 2.23 billion - Shanghai Steel Union (Buy) with a closing price of 20.76 and a market cap of 6.62 billion - YunSai ZhiLian (Buy) with a closing price of 23.48 and a market cap of 32.11 billion - Shanda Diwei (Buy) with a closing price of 9.55 and a market cap of 3.82 billion - New Point Software (Buy) with a closing price of 33.00 and a market cap of 10.89 billion [10][12]

来源：中国新闻网 中新网福州5月2日电 (记者 蔡敏婕)随着人工智能进入大模型时代，高质量数据集成为核心要素。第八 届数字中国建设峰会近日在福建省福州市举行。在数据要素安全与流通基础设施分论坛上，人工智能与 数据流通的融合发展成为核心议题。 北京大学信息科学与技术学部主任梅宏认为，发展数字经济的关键是数据要素市场的培育与形成。我国 数据要素化尚处起步探索阶段，在资产地位、权属确权、流通交易、利益分配和安全隐私等方面存在诸 多障碍。迫切需要构建安全可信的流通基础设施，从技术、制度、生态多维度发力，保障数据安全，打 破流通壁垒，推动数据要素市场化，释放数据潜在价值。 工业和信息化部电子第五研究所所长、党委副书记杨建军指出，当前人工智能治理存在数据质量、制度 供给、责任界定等问题，各国治理理念存在差异。中国需在数据治理层面突破技术瓶颈，在制度供给层 面构建风险分类分级管理等机制，在场景落地层面加强政企协同、产学研合作，同时加强国际合作，构 建安全、可信、可持续的人工智能发展环境。(完) 王桂荣称，传统的基于边界防护的安全方法已经无法满足复杂网络环境下的防护需求，需要基于内生安 全理念构建纵深防御防御体系，该集团推出 ...

Core Insights - The National Data Bureau emphasizes the acceleration of the marketization and valuation process of data elements, indicating a shift towards more diverse methods of realizing data value [1] Group 1: Marketization and Valuation of Data - The National Data Bureau's official stated that the process of marketization and valuation of data elements is being expedited, highlighting the increasing significance of data assets in the economy [1] - As of now, 88 listed companies have disclosed data assets amounting to 2.486 billion yuan, which represents an increase of 70 companies and 2.382 billion yuan compared to the first quarter of 2024 [1] Group 2: Economic Impact and Participation - The essence of data element valuation is described as the integration of data as a production factor into the economic and social system, thereby creating and realizing value [1] - The initiative is expected to encourage more business entities to participate in the construction of the data market, promoting a deeper marketization process [1]

Group 1: Automotive Chip Industry - The Ministry of Industry and Information Technology (MIIT) of China has announced plans to accelerate the standardization of automotive chips, including the development of common specifications for environmental reliability, information security, and consistency testing [2] - By 2025, the automotive chip market in China is expected to reach approximately 95.07 billion yuan [2] - High-end automotive chips are currently dominated by foreign manufacturers, indicating a pressing need for domestic production in areas such as MCU, smart power devices, and power management chips [2] Group 2: Data Resource Development - The National Data Bureau has emphasized the importance of developing a national integrated data resource utilization system, focusing on market-oriented and value-driven approaches [3] - The push for public data development and utilization policies aims to unlock the value of public data and foster a new model for large-scale data circulation [3] - The data industry ecosystem is expected to grow, with a focus on data infrastructure, data annotation, and companies with unique high-quality datasets [3] Group 3: GPU Resource Acquisition - ByteDance has acquired GPU resources valued at approximately 2 billion yuan from Tencent, primarily consisting of NVIDIA H20 cards and servers [4] - In the first quarter of the year, ByteDance reportedly stockpiled around 100,000 GPU modules, with an estimated total value of 100 billion yuan [5] - Alibaba has announced plans to invest over 380 billion yuan in cloud and AI hardware infrastructure over the next three years, indicating a significant increase in AI infrastructure investment across the industry [5] Group 4: Explosives Industry Outlook - The explosives industry is expected to see improved conditions due to policy support and the gradual release of downstream demand, with a reported 1.5% increase in explosive production and a 23.03% increase in total profits in the first quarter of 2025 [6] - Mining investment is projected to grow by 10.5% in 2024, maintaining stable demand for explosives in the mining sector [6] - The demand for explosives in regions like Xinjiang and Tibet is on the rise, driven by increased mining activities and government support for infrastructure projects [6]