Core Viewpoint - The national data work conference held from December 29 to 30 emphasizes 2026 as the "year of data factor value release," focusing on enhancing data flow and resource allocation to integrate data factors into economic value creation and support social development [1] Group 1: Key Initiatives - High-quality implementation of the digital China construction plan, emphasizing market-oriented data factor allocation reform and tailored planning [1] - Accelerating the cultivation of an open, shared, and secure national integrated data market, enhancing top-level design, and improving market governance [1] - Promoting deep integration of data technology innovation and industrial innovation to foster digital industry clusters [1] Group 2: Application and Infrastructure - Deepening data fusion applications and scenario construction, driving urban digital transformation, and enhancing state-owned enterprise data efficiency [1] - Advancing data infrastructure construction and operation for large-scale deployment and integrated development [1] - Continuously improving data foundational systems, enforcing data property rights, and enhancing policy coordination [1] Group 3: AI and International Cooperation - Strengthening data empowerment for artificial intelligence development through various specialized actions [1] - Coordinating and deepening international cooperation in the data field to support diplomatic efforts and participate in international rule-making [1]

在强化数据赋能人工智能发展方面，会议提出，进一步落实高质量数据集建设行动计划，深入实施强基 扩容、应用赋能、提质增效、管理服务、价值释放等6大专项行动。力争到明年底，形成一批满足AI就 绪度要求、有效训练先进模型、切实解决行业难题、具有国际影响力的标杆型数据集，实现高质量数据 集供给量质齐升，赋能效果更加显著。 此外，会议还部署了不断深化数据融合应用和场景建设、赋能数字政府建设持续健康发展、统筹深化数 据领域国际合作等重点工作。 国家数据局局长刘烈宏在会上表示，国家数据局将着力编制好数字中国建设规划，用好投资政策、试点 试验和监测评估等方式，完成好数据要素市场化配置改革的战略部署。同时，从加强顶层设计、繁荣市 场生态、完善市场治理三方面着力加快培育数据市场。 会议提出，加快建立全国统一的数据产权登记制度，持续健全数据要素基础制度。加快建设全国一体化 算力网，建设全国一体化算力网监测调度平台，加力推进数据基础设施建设和运营。推动加快数据产业 发展、梯次培育数字产业集群，着力推进数据科技创新和产业创新深度融合。 新华社北京12月30日电（记者高亢）记者30日在全国数据工作会议上获悉，国家数据局部署2026年重点 ...

Group 1 - The core viewpoint emphasizes the need for tailored development of new productive forces, adhering to practical realities and specific analyses [1][4] - The National Development and Reform Commission (NDRC) advocates for a unified national strategy to optimize major productivity layouts and prevent redundant construction and "involution" competition [4] - Local advantages should be leveraged, encouraging regions to identify their roles in the national development framework and set reasonable goals based on their resources and industrial foundations [7] Group 2 - A modern infrastructure system is to be constructed, focusing on new infrastructure, comprehensive transportation systems, new energy infrastructure, and modern water networks [12] - There is a push for breakthroughs in key core technologies across various sectors, including integrated circuits, industrial mother machines, high-end instruments, basic software, advanced materials, and biomanufacturing [14] - Policies will be implemented to promote green finance and consumption, facilitating the green and low-carbon transformation in key areas such as industry, urban construction, transportation, and energy [17] Group 3 - The establishment of an open, shared, and secure national integrated data market and technology market is prioritized, alongside the development of technology finance to enhance capital market functions [19]

Core Viewpoint - The meeting emphasized the importance of developing a data circulation transaction monitoring indicator system to support the establishment of a unified national data market, as outlined in the decisions made during the 20th National Congress of the Communist Party of China [1] Group 1: Data Market Development - The construction of the data circulation transaction monitoring indicator system will help better understand the current state of data circulation and trading, as well as new characteristics and trends in the data market [1] - The initiative aims to encourage broader participation in the marketization and valuation of data elements, accelerating the establishment of an open, shared, and secure national integrated data market [1] Group 2: Challenges and Collaboration - The construction of the monitoring indicator system is described as a pioneering effort that faces significant challenges and cannot be completed overnight [1] - There is a call for collaboration among experts from various fields, including economics, statistics, and industry, to conduct research and continuously improve the indicator system to ensure it aligns with market realities and serves the development of the national data market effectively [1]

Investment Rating - The report maintains a "Positive" investment rating for the software and services industry [8]. Core Insights - The National Data Bureau is focusing on building an open, shared, and secure national integrated data market, which is expected to enhance the value of data elements and invigorate the market [2][5]. - The construction of the national integrated data market is anticipated to accelerate data circulation and trading, leading to a reassessment of data element value across the entire industry chain [10]. Summary by Sections Industry Overview - The report highlights the need for a comprehensive data market to address structural issues such as incomplete industry chains and immature circulation mechanisms [10]. - The market size for data trading in China is projected to grow from 211.54 billion yuan in 2024 to 284.09 billion yuan in 2025, with an expected compound annual growth rate of 20.3% reaching over 715.9 billion yuan by 2030 [10]. Market Dynamics - The report notes that 53% of projects in the 2025 "Data Element ×" competition utilized public data, with over 43% acquiring data through authorized operation models [10]. - More than 50% of the final projects in the competition engaged in direct data trading, indicating a growing trend in data transactions among enterprises [10]. Investment Opportunities - The report suggests focusing on companies with vast data resources and those with strong capabilities in data processing, management, and analysis as potential investment opportunities [10].

Investment Rating - The report maintains a "Positive" investment rating for the software and services industry [7]. Core Insights - The establishment of the Commercial Aerospace Administration is expected to accelerate the development of the commercial aerospace industry in China, simplifying approval processes and promoting high-quality growth [6][45][55]. - The report highlights the recent rebound in the computer sector, which saw a 3.14% increase, ranking 13th among major industries in the Yangtze River region [2][4][14]. - Key areas of focus include the construction of a national integrated data market, advancements in space computing capabilities, and the development of the low-altitude economy [5][18][37]. Summary by Sections National Integrated Data Market - The National Data Bureau aims to build an open, shared, and secure national integrated data market, enhancing the data industry ecosystem and stimulating market vitality [10][21]. - The data trading market is projected to grow significantly, with an estimated market size of 2,840.9 billion by 2025 and potentially exceeding 7,159 billion by 2030, reflecting a compound annual growth rate of 20.3% [25][27]. Space Computing - Beijing plans to establish a large-scale space data center in the 700-800 km twilight orbit, aiming to leverage solar energy for AI computing [28][30]. - Multiple projects are underway to develop space computing capabilities, with significant advancements expected in the coming years [30][36]. Low-Altitude Economy - Chongqing has introduced policies to foster the development of a high-quality low-altitude economy, with 17 measures aimed at supporting innovation and market demand [37][44]. - The low-altitude economy is anticipated to reach a market size of 15 trillion by 2025 and over 20 trillion by 2030, driven by policy support and industry growth [44].

Group 1 - French President Macron is set to visit China, indicating potential diplomatic and economic discussions between the two nations [1] - The Chinese government is urging Japan to retract its erroneous statements, which may impact bilateral relations and trade [1] - The National Bureau of Statistics of China is accelerating the construction of an open, shared, and secure national integrated data market, which could enhance data-driven decision-making in various industries [1] Group 2 - The infrastructure REITs project list has been expanded to include commercial office facilities and urban renewal facilities, suggesting growth opportunities in the real estate investment sector [1] - The market regulatory authority has officially accepted registration applications for infant formula liquid milk products, indicating a focus on improving product safety and quality in the dairy industry [1] - China's express delivery business volume has surpassed 1.8 billion packages annually for the first time, reflecting significant growth in the logistics and e-commerce sectors [1] Group 3 - Cryptocurrency prices have seen a significant decline, which may affect investor sentiment and market dynamics in the digital asset space [1] - All three major U.S. stock indices closed lower, with the Dow Jones Industrial Average dropping by 0.9%, indicating potential volatility in the U.S. equity markets [1]

Core Viewpoint - The 2025 "Data Element ×" competition's national finals highlighted the increasing circulation of data through open, shared, and authorized operations, emphasizing the importance of data trading centers and service platforms in building a unified national data market [1] Industry Development - The development of China's data market is still in its early stages, with ongoing evolution in the types and capabilities of data circulation service institutions [1] - The National Data Bureau plans to enhance the cultivation of various data circulation service institutions to enrich the data market ecosystem and accelerate the establishment of an open, shared, and secure national integrated data market [1] Future Initiatives - Support will be provided for data trading centers to explore the establishment of a comprehensive service system for data circulation transactions [1] - Data circulation service platform companies will be encouraged to expand new models for industry data integration and utilization [1] - Data vendors will receive support to further develop data products and enhance service capabilities [1]

Group 1 - The core theme of the Global Data Business Conference is "Connecting the World through Data for a Boundless Future" [1] - The Shanghai Data Exchange, established as China's first national data trading platform, marks a significant step in the market-oriented reform of the data trading market [1] - The concept of "data business" was introduced at the inception of the Shanghai Data Exchange, aiming to cultivate a comprehensive ecosystem for data economy, compliance review, asset evaluation, and data delivery [1] Group 2 - This year's conference features an innovative "competition-conference integration model," which includes the award ceremony for the national finals of the 2025 "Data Element x" competition [2] - The conference also released a summary of "typical cases of data circulation security governance," exploring a three-in-one solution of "system + technology + scenario" [2] - The National Development and Reform Commission emphasized the increasing circulation of data through open, shared, and authorized operations, realizing value in application scenarios [2] Group 3 - The National Data Bureau plans to focus on building an open, shared, and secure national integrated data market, enhancing the cultivation of various data circulation service institutions [3] - The cultivation of data circulation service institutions includes supporting data exchanges to establish a full-chain service system, expanding new models for industry data integration, and enhancing data product development [3] - Data merchants are identified as enterprises that treat data as a key production and operational element, actively engaging in data aggregation, circulation, exchange, and utilization [3] Group 4 - The 2025 "Data Element x" competition, co-hosted by the National Data Bureau and 19 departments, showcased five key characteristics, with 53% of projects utilizing public data [4] - Over 64% of projects developed data products and services through enterprise data, with 62% using proprietary data and 54% leveraging data from upstream and downstream partners [5] - The data exchange serves as a backing and pricing entity, facilitating the transformation of resources into assets within a trusted data space [5] Group 5 - A notable case presented at the conference is the medical data product "Analysis Report on the Association between Inflammation and Pulpitis," which marks a breakthrough in the complete cycle of rights confirmation, pricing, circulation, and profit distribution for medical data [6] - The product is based on de-identified clinical data from the Xuchang Central Hospital, processed by a specialized data governance company, and is intended for model training and precision medical product development [6] - The transaction of this data product illustrates the potential for public medical institutions to participate in the data element market, creating sustainable pathways for economic benefits [6] Group 6 - The Deputy Director of the Major Disease Data Industry Center expressed hopes to utilize the data product for model training and further release data value through AI applications [7] - The goal is to democratize the expertise of specialized hospitals through data circulation and trading, enabling consumers to access comprehensive medical consultations online [7]

Core Viewpoint - The article emphasizes the importance of building an open, shared, and secure national integrated data market, highlighting the role of data circulation service institutions in fostering a vibrant data industry ecosystem and unlocking the value of data elements [1][2]. Group 1: Data Trading and Market Development - The government supports data exchanges in establishing a comprehensive service system for data circulation and trading, recognizing their role in product service incubation, compliance assurance, and standard development [2]. - Data exchanges are currently underperforming, with limited trading scale, and are in a developmental phase, needing to enhance their market positioning and service capabilities [2]. - The government encourages data circulation service platform enterprises to explore new models for industry data integration and utilization, focusing on value co-creation through data sharing and trading [2][3]. Group 2: Role of Internet and Data Service Companies - Internet platform companies are significant players in data production and utilization, acting as key organizers and participants in data circulation within the market [3]. - With the acceleration of data infrastructure development, industry internet platform companies and cloud service providers are emerging as vital forces in the data market, leveraging their industry insights to foster data circulation and value co-creation [3]. - Data merchants are encouraged to further develop data products and enhance service capabilities, actively gathering various data resources for circulation and trading [4].