Core Insights - The 2025 "Data Element ×" competition and the Global Data Business Conference were recently held in Shanghai, showcasing a vibrant data market in China with a record number of participants and activities [1][4] - The event gathered a diverse group of stakeholders, including government officials, award-winning project teams, and industry experts, emphasizing the integration of various sectors in the data industry [2][4] Group 1: Event Overview - The event attracted approximately 21,000 attendees, with over 300 original reports published online, marking a record high [4] - The competition lasted for seven months, drawing over 117,000 participants and more than 23,000 projects, a 20% increase from the previous year [4] - The conference featured four main sections: results display, supply-demand ecosystem linkage, investment and financing connections, and international cooperation in data [4] Group 2: Investment and Financing - The conference aimed to address financing challenges in the data industry by facilitating connections between project teams and over 40 investment institutions [5][8] - A new blockchain innovation fund was launched during the conference, with an initial fundraising target of 5 billion yuan, focusing on core technologies and applications in the blockchain and data sectors [8] - Successful collaborations were reported between award-winning projects and various investment firms, indicating a positive trend in securing funding [8] Group 3: Regional Development and Collaboration - The competition served as a platform for Shanghai to attract high-quality projects, enhancing the local data ecosystem [9][10] - Various districts in Shanghai organized themed activities and investment promotion events tailored to their industrial characteristics, fostering regional economic development [10] - The event facilitated deep engagement between award-winning teams and local businesses, promoting project implementation and regional cooperation [10] Group 4: Future Outlook - The successful execution of the event reflects the potential and growth of the data industry, contributing to a more vibrant and sustainable data ecosystem in China [12]

国家发展改革委价格成本和认证中心主任卢延纯表示，数据是经济社会活动的"伴生物"。在公共数 据领域，一般有三种应用形式，分别是数据持有机构内部使用、免费向社会提供数据、授权运营等。由 于公共数据的价值属性与作用，公共数据应当"进场交易"，从而实现价格发现功能，强化国有资产监 管，并保障数据安全。当前，正处于数字经济和数字社会的初级阶段，未来随着人工智能技术的发展， 对数据的依赖会远超想象。光大银行在数据要素领域的持续深入研究，可形成完整的研究体系，发挥银 行的数据富矿优势，深入挖掘、提炼和开发数据价值，将数据产品化、标签化，使其更好地在市场上流 通。 中国光大银行党委委员、副行长杨兵兵表示，"十四五"以来，我国在数据要素领域已开展全面布 局，数据要素正加速从资源优势转化为发展优势。光大银行以服务实体经济为宗旨，践行金融央企社会 责任，紧密围绕国家数据发展战略部署，在数据要素领域开展了一系列研究与实践，用实际行动做好金 融"五篇大文章"。未来，光大银行会将数据要素与前沿技术充分结合，在保障合规与安全的前提下，实 现技术发展、数据生成、数据应用的良性循环，推动云缴费数据应用、数字孪生等领域的研究与实践， 建设高质量 ...

Core Insights - The second ADD Data Application Scenario Conference was held in Taihu, focusing on the theme "AI Drives Evolution, Data Defines the Future" and gathered leaders from various sectors to discuss the integration of AI and data [2][4][6] - Taihu is positioned as a "data foundational system pilot area," aiming to transform from a policy exploration zone to an industrial ecosystem [4][6][9] - The conference highlighted the rapid growth of Taihu's data industry, with over 80 data companies and an industry revenue exceeding 5 billion yuan [6][9] Event Highlights - The conference featured the release of the "2025 Notable Data Application Innovation Enterprises" list, showcasing 50 companies excelling in the integration of data and AI [4][36] - Significant industry collaborations were signed during the event, indicating Taihu's transition to a vibrant industrial ecosystem [4][36] Government and Institutional Support - The Beijing Municipal Economic and Information Bureau emphasized the city's commitment to pioneering data systems, with notable growth in the digital economy and core industries [7][9] - Taihu's infrastructure, described as a "2+5+N" system, supports over 100 data enterprises and promotes efficient data flow and digital economic development [9][11] Industry Trends and Innovations - The conference showcased the deep integration of AI and data across various sectors, with companies like Zhongwen Online leveraging AI to enhance digital content production [20][22] - Discussions included the transformation of business decision-making through data intelligence, with companies focusing on application-layer innovations [22][24] Future Outlook - The conference concluded with a vision for Taihu as a hub for data and AI innovation, aiming to build a secure and trustworthy data environment to support the digital economy [15][41] - The ongoing collaboration between government, industry, and academia is expected to drive the development of a robust data ecosystem in Taihu [41]

中经记者 张漫游 北京报道 2025年是"十四五"收官与"十五五"谋划的承启之年，也是进一步全面深化改革、推动中国式现代化行稳 致远的关键一年。 值此承前启后、继往开来的关键时刻，2025年12月9日至10日由《中国经营报》主办的"2025中国企业竞 争力年会"圆满闭幕。本届年会以"开局谋新、行稳致远"为主题，广邀政策制定者、学界权威专家与企 业领袖齐聚一堂，深入解析未来发展趋势与路径，共同探讨中国式现代化进程中企业如何把握机遇、构 筑可持续竞争力。 本届年会还特别设置了金融、数据要素、新消费、医药大健康四场平行论坛，聚焦关键领域，会聚近百 位行业嘉宾分享真知灼见，共话发展新路径。 开局谋新 行稳致远 在主论坛开幕致辞中，中国社会科学院工业经济研究所所长、党委副书记陈彦斌谈到，新时代的中国企 业竞争力在本质上是与国家战略同频共振，在高质量发展轨道上实现价值创造的能力，也是在深刻变革 中准确识变、科学应变、主动求变的能力，更是融合了科技创新、绿色发展、社会责任与国际视野的综 合性能力。广大企业要以科技创新锻造新质生产力，以品牌建设赢得市场的认可，以绿色低碳塑造未来 的新优势，以安全韧性筑牢发展的根基，以开放合作 ...

清华大学文科资深教授、国情研究院名誉院长胡鞍钢表示，光大银行这几年在数据要素方面做了很多研 究和实践，成果十分丰富。从全球背景看，当前正经历数字化革命和智能化革命，数据资源作为新兴资 源，在数智化时代发展潜力巨大，需做好对数据的价值核算，发挥数据潜能。希望光大银行继续拓展现 有研究实践，进一步探索和总结，形成行业和国家的参考经验。 国家数据发展研究院副院长、研究员姜江表示，光大银行在数据要素方面的探索有很大价值，"十五 五"期间，光大银行可从研究走向实践，以实际场景充分释放数据要素价值，加强多元化服务转型。此 外，在满足安全合规要求下，可结合宏观政策，重点关注公共数据授权运营和流通交易，该领域未来发 展潜力巨大，并将高质量数据集和人工智能模型相结合，对小微企业、政府试点、估值标准等展开研究 分析。 国家发展改革委价格成本和认证中心主任卢延纯表示，数据是经济社会活动的"伴生物"。在公共数据领 域，一般有三种应用形式，分别是数据持有机构内部使用、免费向社会提供数据、授权运营等。他强 调，由于公共数据的价值属性与作用，公共数据应当"进场交易"，从而实现价格发现功能，强化国有资 产监管，并保障数据安全。当前，我们正处 ...

Market Overview - On December 12, 2025, A-shares experienced a collective decline, with the STAR 50 index leading the drop at 1.55%. The Shanghai Composite Index fell by 0.7% to 3873.32 points, while the Shenzhen Component Index decreased by 1.27% and the ChiNext Index dropped by 1.41%. A total of 752 stocks rose, while 4374 stocks fell, with a combined trading volume of 1.86 trillion yuan, an increase of approximately 78.6 billion yuan compared to the previous trading day [1]. Popular Stocks - The top ten popular stocks on December 12, 2025, included Aerospace Power, Snowman Group, Yonghui Superstores, Moer Thread-U, Galaxy Electronics, ZTE Corporation, Yongding Co., Annie Co., Zaiseng Technology, and Zhongchao Holdings [2]. Company Insights - Aerospace Power is benefiting from the rising interest in the commercial aerospace sector and its own business development. As a core liquid propulsion technology platform under the Aerospace Science and Technology Group, it is deeply involved in the development of scientific satellite propulsion systems and control engines for space exploration. The company has also successfully attracted six strategic investors, raising 300 million yuan to enhance its capabilities [3]. - Snowman Group is experiencing a boost from multiple trending concepts, including the winter economy and hydrogen energy. As a supplier of ice and snow equipment, it aligns with seasonal themes, while its involvement in cutting-edge concepts like controlled nuclear fusion adds to its appeal [3]. - Yonghui Superstores is actively pursuing transformation and upgrades amid operational pressures. The company is implementing innovative measures such as the "Fat Donglai" model store adjustments and is benefiting from the growth of the prepared food sector due to consumer upgrades and supportive retail policies. The significant operations by well-known speculative funds have also attracted market attention [3]. - Moer Thread-U, recognized as the "first domestic GPU stock," holds unique value due to its status as the first company in China to achieve mass production of full-function GPUs. Its business spans general-purpose GPUs and AI computing cards, and the absence of price limits in the first five trading days post-IPO has provided opportunities for speculative trading [3]. - Galaxy Electronics is positioned well within several hot market themes, including military information technology and satellite internet. The company is involved in bidding for the Geospace Aerospace capital increase project and benefits from being a supplier for multiple military branches, which enhances its business advantages [4]. - ZTE Corporation is driven by AI-related themes and is under scrutiny for compliance issues. The company is collaborating with ByteDance to develop AI smartphones, which has led to significant revenue growth in AI server-related businesses. Ongoing discussions with the U.S. Department of Justice regarding compliance investigations have also sparked market discussions [4]. - Yongding Co. is benefiting from industry tailwinds in superconductivity and controlled nuclear fusion. Recent announcements regarding Sino-French nuclear cooperation and breakthroughs in nickel-based superconductors have boosted sentiment in the sector. The company specializes in second-generation high-temperature superconducting materials and is involved in the mass production of optical modules and applications in controlled nuclear fusion [4]. - Annie Co. is influenced by changes in control and multiple thematic resonances. The company's controlling shareholder has changed to a firm focused on "industry intelligence and embodied intelligence," and it is involved in popular themes such as data elements and intellectual property protection. As a stock linked to the Fujian Free Trade Zone and cross-strait concepts, it forms a synergistic effect with data security and intellectual property sectors [4].

当前，新一轮科技革命和产业变革进一步深入，人工智能技术正逐步渗透至金融业务的各个环节，成为 推动行业高质量发展的重要力量。从早期的技术辅助到如今生成式AI的广泛探索，银行业正稳步迈向 数字化转型的新阶段。作为国有大型商业银行，交通银行（以下简称"交行"）将数字化转型作为实现集 团高质量发展的重要突破口，持续提升科技引领和价值创造力，取得积极成效。 夯实数字底座 筑牢数字化交行"硬支撑" 数字化转型是一项复杂的系统工程。近年来，交行已先后发布"十四五"金融科技发展规划、数字金融行 动方案，并制定"人工智能+"行动方案，从构建数字金融核心驱动力的高度，加快锻造"数字化交行"新 优势。 在基础设施层面，交行正全面重构数字金融的发展基石。目前，交行多地多中心架构体系已逐步成型， 算力规模（尤其是智算规模）实现大幅增长，有效支撑AI在业务领域体系化、规模化落地。同时，交 行已完成境内核心系统分布式架构转型，关键业务的自主可控能力大幅增强。 在AI核心能力建设上，交行正加速构建"超级大脑"。围绕"人工智能+"战略，建立"1+1+N"AI框架体 系，构建起千亿级金融大模型算法矩阵。这一"智慧中枢"不仅具备强大的计算与推理能 ...

来源：新浪证券-红岸工作室 12月11日，华是科技跌3.89%，成交额1.61亿元，换手率9.80%，总市值26.21亿元。 区间今日近3日近5日近10日近20日主力净流入-2325.20万-4242.20万-3325.28万-4793.12万-6234.29万 异动分析 智慧政务+数据安全+数据要素+智慧城市+共同富裕示范区 1、公司主营业务为智慧政务、智慧民生、智慧建筑等智慧城市细分领域客户提供项目设计、信息系统 开发、软硬件采购、系统集成及运维服务的一站式综合解决方案。 2、2022年3月17日公司互动回复：公司承接过一些网络安全和数据安全方面项目。 3、2023年8月25日互动易回复：公司在数据要素上已经有所规划，如我们在内河航道应用上积累了大量 大数据，在"智慧港航"进行了大数据深度处理和挖掘，形成了自己的数据要素积累，并计划在未来的智 慧港航应用中体现数据价值。 4、公司主营业务为智慧政务、智慧民生、智慧建筑等智慧城市细分领域客户提供项目设计、信息系统 开发、软硬件采购、系统集成及运维服务的一站式综合解决方案。 5、公司地处浙江省杭州市余杭区，主营业务是为智慧政务、智慧民生、智慧建筑等智慧城市细分 ...

华科租赁常务副总裁杨星 中经记者 石健 北京报道 眼下，数据要素正在加速赋能千行百业。 作为全国较早开展数据资产入表的融资租赁企业，华科融资租赁有限公司（以下简称"华科租赁"）常务 副总裁杨星表示，随着2023年数据要素相关政策出台和调整，我们也开始关注数据要素市场，于今年成 功实现数据资产入表确权登记并同步实现金融化。融资租赁公司实现数据资产入表与公司的基因和战略 分不开。 今年2月，华科租赁在上海数据交易所进行数据资产登记，在三峡银行成功获得数据资产质押融资。值 得注意的是，截至目前，全国有近8000家融资租赁公司，华科租赁是最早试水数据资产入表的融资租赁 企业，也是重庆市场唯一一家在上数所确权登记入表的融资租赁企业。 提及公司尝试数据资产化的过程，杨星说："实际上，我们在租赁资产化的运作和尝试，始于2015年， 当时我们在上海交易所发行了融资租赁ABS。当时，我们是全国第六家发行租赁资产ABS的，在西南地 区是第一家。" 在杨星看来，开展数据要素业务，要结合国家宏观背景，将数据置于行业内，实现从资源化到资产化再 到资本化的过程。 对于如何实现上述过程，杨星表示，华科租赁进行了几个重要步骤。"一是制定数据 ...

林镇阳认为，数据要素市场的重心正从"量的积累"全面转向"质的提升"。在他看来，未来理想状态是： 在AI驱动下实现数据的"自循环"——通过大模型训练、推理与区块链等技术构建完整的AI数据生态闭 环，实现从上游供给、中游流通到下游应用的全链条联动。人工智能技术的不断突破，推动了对高质量 数据的迫切需求。 AI技术普及重塑生产关系 2025年12月10日，由《中国经营报》主办的2025中国数据要素高质量发展论坛在北京成功举办。 软通智慧数据科技（北京）有限公司（以下简称"软通智慧"）数据要素首席科学家、副总裁林镇阳在论 坛演讲时表示，未来解决企业的数智化发展，核心在于扎实推进企业的数据工程，尤其是面向AI的数 据工程。不管是AI成熟度高的科技厂商、信息化基础较好的服务型企业，或传统农业、工业制造领域 的主体，均需要发展智能经济的数据"养料"。 在他看来，高质量数据供给与场景化AI应用是数据要素价值落地的关键。数据不仅是AI的"原料"，AI 也是数据价值的"驱动力"；未来将形成AI驱动的数据开发、价值实现与生态完善的自循环。 高质量数据采集和获取成为门槛 《"数据要素×"三年行动计划（2024—2026年）》明确指出 ...