Core Viewpoint - The National Data Bureau has drafted an opinion document to clarify the functions of data circulation service institutions and enhance the efficiency of data transaction services, which has garnered significant attention in the industry [1][2]. Group 1: Policy Background and Development Trends - The data trading industry has experienced a "two rises and one fall" pattern over the past decade, with a surge in establishment from 2014 to 2017, a downturn from 2018 to 2020, and a resurgence from 2021 to 2023, resulting in nearly 50 new data trading institutions in major cities [2]. - The "Data Twenty Articles" policy issued in December 2022 provides guidance for the development of data trading institutions, emphasizing the establishment of management measures and a unified standard system [2]. Group 2: New Functionality and Development Direction - The draft opinion positions data trading institutions as the primary type of data circulation service organization, indicating their foundational role in market rule exploration and ecosystem cultivation [4]. - By 2027, the policy aims to achieve a more diversified circulation and transaction landscape, encouraging various modes of data exchange and interaction [4]. Group 3: Challenges and Opportunities for Data Trading Institutions - Data trading institutions must adapt to the evolving data circulation landscape and enhance their capabilities to avoid being marginalized or replaced [5]. - The draft identifies data circulation service platform enterprises as the main force in the industry, categorized into three types: industrial internet platform enterprises, data infrastructure operators, and cloud service platform enterprises [5]. Group 4: Capability Upgrades - Data trading institutions are required to develop five core capabilities, including compliance assurance and supply-demand matching, which are essential for their long-term viability [6][8]. - The draft emphasizes the importance of price discovery, product development, and ecosystem cultivation as critical areas for data trading institutions to focus on [6][8]. Group 5: Regulatory and Management Framework - The National Data Bureau plans to establish a management system for data circulation service institutions, emphasizing self-regulation and data security [9]. - The draft encourages the development of targeted investment, tax, and fund support policies to stimulate market growth and ensure sustainable development [9].

Core Viewpoint - The recent national data work conference emphasizes the acceleration of building an open, shared, and secure national integrated data market by fostering three types of data circulation service institutions [1] Group 1: Types of Data Circulation Service Institutions - The three types of data circulation service institutions identified are data exchanges, data circulation service platform enterprises, and data merchants, which are crucial for promoting data circulation and trading [1] - Data exchanges act as "explorers" for institutional rules and ecosystem cultivation, playing a positive role in supply-demand matching, rule formulation, compliance services, and ecosystem aggregation [1] - Data circulation service platform enterprises serve as the main entities for conducting data circulation transactions, utilizing data infrastructure to promote industry data circulation and development [1] - Data merchants are companies that consider data as a key production factor, leading in developing data products and providing diverse services [1] Group 2: Focus Areas for Data Market Development - The conference highlights the need to prioritize the marketization and valuation of data elements, encouraging diverse entities to explore innovative data circulation trading models [1] - There is a call to increase the supply of high-quality data products and services while ensuring safe, compliant, and efficient data circulation and trading [1] - The focus is also on conducting research on the scale measurement and monitoring indicator system for data circulation trading, aiming to establish a scientific and reasonable monitoring system that reflects the current state of data circulation trading [1]

11月25日至26日，国家数据局党组书记、局长刘烈宏带队赴上海市，实地调研万得信息技术股份有限公 司、东方财富信息股份有限公司、上海海智在线网络科技有限公司、华为练秋湖研发中心，以及2025 年"数据要素×"大赛全国总决赛获奖企业——中远海运科技股份有限公司、上海飞书深诺数字科技集团 股份有限公司，深入了解数据要素市场化价值化工作情况。刘烈宏指出，要坚持数据要素市场化配置改 革，大力培育数据流通服务机构等数据市场经营主体，创新数据资源开发利用新模式，持续拓展数据要 素价值释放新路径，加快数据要素市场化价值化进程。要深入推进"数据要素×"行动，统筹推进试点建 设、大赛举办、案例遴选、场景指引等工作，带动公共数据和企业数据资源开发利用，吸引更多主体参 与市场建设，持续营造全社会"供数、用数"良好氛围。 ...

Core Insights - The National Bureau of Statistics of China is implementing a data efficiency enhancement initiative for state-owned enterprises, with 12 central enterprises as pilot leaders, aiming to improve data governance and resource utilization by 2027, benefiting over 100,000 SMEs [1][2] Group 1: Data Utilization and Management - State-owned enterprises are identified as key players in the development and utilization of data resources, with a focus on enhancing core competitiveness and promoting collaborative innovation in the industrial chain [1][2] - The initiative includes 10 key tasks centered around innovating data management mechanisms, fostering the data industry, enabling industrial transformation, and optimizing the innovation environment [2] Group 2: Collaboration and Innovation - The initiative encourages collaboration among state-owned enterprises and their partners across various sectors, including energy, transportation, and agriculture, to create a trusted data space and promote data sharing and innovation [2] - The National Oil and Gas Pipeline Group has created a comprehensive data network, aggregating over 10 billion core data entries, significantly improving data quality and operational efficiency in the natural gas supply chain [3] Group 3: Technological Integration - China Southern Power Grid has established a trusted data space that integrates advanced technologies like blockchain and privacy computing, enhancing data flow and collaboration among over 370 ecosystem partners [4] - China Machinery Industry Group has developed an "Agricultural Machinery Cloud" that connects the entire lifecycle of agricultural machinery, processing over 10 billion data entries daily [5] Group 4: Data-Driven Applications - China Mobile has created a big data platform that processes over 2000PB of core data, improving customer service and operational efficiency across various scenarios [6] - The China Automotive Technology and Research Center is focusing on carbon footprint accounting and data interoperability across the automotive supply chain, enhancing international rule recognition [6] Group 5: Future Directions - The initiative emphasizes the importance of enterprises taking the lead in data utilization, fostering multi-party collaboration, and integrating diverse data sources to drive industrial transformation and improve public welfare [6]

Core Viewpoint - The National Data Bureau has initiated a data efficiency enhancement action for state-owned enterprises, emphasizing collaboration among various stakeholders to maximize data utility and drive innovation [1][5]. Group 1: Data Efficiency Enhancement Action - The action was launched in July 2023, with 12 central enterprises designated as pilot leaders, collaborating with private companies, research institutions, and professional service organizations [1]. - The initiative focuses on three key areas: multi-party collaboration, multi-source data integration, and multi-field application expansion [2][5]. Group 2: Multi-Party Collaboration - The pilot encourages central enterprises to form cooperative alliances with other state-owned and private enterprises, research institutions, and third-party organizations to enhance data resource development and utilization [1][2]. Group 3: Multi-Source Data Integration - The pilot aims to promote data sharing and open access, requiring the 12 pilot central enterprises to create data service lists and integrate industry and government data for collaborative applications [2]. - Enterprises are encouraged to establish industry data standards and create trustworthy data spaces for secure and efficient data circulation [2]. Group 4: Multi-Field Application Expansion - The pilot encompasses traditional sectors like energy, transportation, and agriculture, as well as emerging fields such as satellite remote sensing and green technology [2]. - It emphasizes scenario-based applications, focusing on industry needs to develop high-value use cases and cross-industry collaborations [2]. Group 5: Case Studies from Pilot Enterprises - China Southern Power Grid has developed a trusted data space using advanced technologies, resulting in a tenfold increase in ecosystem partners and a threefold increase in collaboration demands within nine months [3]. - China Mobile has integrated various data sources to support emergency management, enhance industry upgrades, and improve public services, benefiting over 100 million people [4]. Group 6: Future Expectations - The initiative aims to enhance data governance capabilities and significantly improve data resource utilization and sharing by 2027, benefiting over 100,000 small and medium-sized enterprises [5].

Core Insights - The event "Data Industry Innovation Development Theme Exchange Activity" was successfully held in Guiyang on August 28, 2025, highlighting the importance of cultivating the data industry for the growth of the digital economy and the development of new productive forces [1] Group 1: Industry Development - The National Data Bureau emphasizes that nurturing the data industry is crucial for enhancing the digital economy and developing new productive forces [1] - China possesses favorable conditions for industry development in areas such as foundational capabilities, application scenarios, and the construction of high-quality data sets [1] - Future efforts will focus on the marketization and valuation of data elements, improving data resource supply capabilities, and optimizing the layout of the data industry [1] Group 2: Research Outcomes - The event also released significant research findings, including the "Data Industry Map (2025)" and the "Trusted Data Space Innovation Development Report (2025)" [1]

Group 1 - The core viewpoint emphasizes the strategic value of data as a fundamental resource in the digital economy, with China's data production expected to reach 41.06 zettabytes (ZB) in 2024, and the core industries of the digital economy contributing approximately 10% to GDP [1] - The market-oriented allocation of data resources is essential for high-level development and utilization of data, as well as for enhancing the digital economy [1] - The 20th National Congress of the Communist Party of China highlighted the need to cultivate a unified national technology and data market to activate data productivity and build new advantages in digital economic development [1] Group 2 - A preliminary data infrastructure has been established, with the issuance of the "Opinions on Constructing Data Basic Systems" in December 2022, which outlines the framework for data market system construction [2] - The establishment of data property rights and the promotion of data circulation and transaction standards are key focuses, with efforts to create a legal foundation for data flow [2] - The principle of "reward based on contribution" has been implemented, enhancing the distribution mechanism for data elements [2] Group 3 - The construction of data infrastructure is improving, with a focus on trustworthy data circulation and efficient computing power supply, leading to significant advancements in data infrastructure construction and operation levels [3] - The "East Data West Computing" project has made breakthroughs, utilizing local green energy resources to significantly reduce computing costs [3] - The data industry is developing positively, with over 190,000 related enterprises and a data industry scale exceeding 2 trillion yuan [3] Group 4 - The cultivation of a unified national data market is a complex long-term project, currently facing challenges in data confirmation, pricing, and circulation [4] - The lack of a national standard for data property registration and significant regional differences hinder the cross-regional transaction of data resources [4] - Addressing these challenges is essential for unleashing data productivity and activating the momentum of digital economic development [4] Group 5 - A layered pricing system for data markets should be constructed, anchored by public data, which influences the overall data value perception in society [5] - The establishment of a government-guided pricing standard for public data and market-driven pricing for enterprise and personal data is recommended [5] - A multi-layered and diversified data pricing system will transform data resources into important assets for high-quality development [5] Group 6 - Breaking the "island effect" is crucial for creating a secure and efficient data circulation ecosystem [6] - The establishment of unified technical standards for data flow and the development of a trustworthy data space are necessary to eliminate technical barriers [6] - Strengthening data security and creating a safe and efficient environment for data circulation through standardized classification and anonymization protocols is essential [6]

Core Viewpoint - The "Data Element ×" initiative has made significant progress in marketizing and valuing data elements, enhancing their multiplier effect across various industries [2][3][6]. Group 1: Progress and Impact - The "Data Element ×" three-year action plan aims to strengthen demand-driven scenarios, promote high-quality supply of data elements, and facilitate compliant and efficient circulation of data [2][3]. - There is a growing atmosphere of data utilization, with nearly 500 digital technology companies established by central enterprises and about 66% of industry leaders purchasing data [2][3]. - High-value scenarios are emerging, with applications in transportation and emergency management enhancing efficiency and safety through data integration [3][6]. Group 2: Competition and Innovation - The "Data Element ×" competition serves as an innovative platform to promote data utilization across various sectors, with the 2025 competition recently launched [4][5]. - This year's competition emphasizes market-oriented policies, data governance, and the discovery of innovative applications, with new tracks added to encourage creativity [4][5]. - The evaluation of competition outcomes will focus on data governance, practical effectiveness, and open innovation [5]. Group 3: Sector-Specific Applications - The transportation sector's competition will focus on digital transformation of infrastructure and enhancing logistics data connectivity [7]. - The agriculture sector aims to address key production issues through innovative data applications, with ten specific topics set for the competition [7]. - The emergency management sector will explore data applications in safety regulation and disaster monitoring through three specific topics [7][8]. - The healthcare sector's competition will leverage medical insurance data to improve service levels and promote industry development [8].

Group 1 - The meeting led by Liu Liehong emphasized the importance of promoting the marketization and value realization of data elements, aiming for a high-quality economic and social development through data innovation and efficiency improvement [1] - Desheng Technology has been actively involved in the data element sector, particularly through its participation in the Guangzhou Data Exchange (Tianhe) service area, establishing a comprehensive data ecosystem [2][3] Group 2 - Desheng Technology has established a full layout of data operation services across G, B, and C ends, contributing to the government's digital economy strategy and enhancing enterprise competitiveness through data asset management [2][3] - The Tianhe service area model created by Desheng Technology is recognized as an innovative example in the development of the data element market, integrating operational services, product incubation, and enterprise cultivation [2][3] - The data trading performance in Tianhe District has been significant, with a cumulative transaction amount exceeding 1.3 billion, accounting for over 50% of Guangzhou's total data trading [3] Group 3 - Desheng Technology has cultivated 248 data element enterprises in Tianhe District and launched 452 trading items, promoting innovation in data applications [3] - The establishment of the Tianhe District Data Element Industry Association, with Desheng Technology as the secretary unit, aims to optimize resource allocation and enhance collaboration within the data industry [3][4] - Looking ahead, Desheng Technology plans to leverage its data asset management capabilities and ISO55013 certification to further develop the data element industry in Tianhe District and contribute to the digital economy in Guangzhou [4]

Core Viewpoint - The 2025 Data Security Development Conference emphasizes the need for continuous innovation and reform in data management to enhance data circulation and utilization, aiming for high-quality economic and social development [1][2]. Group 1: Data Policy and Institutional Reform - The National Data Bureau has declared this year as the "Year of Reform" for data work, focusing on improving the top-level design and establishing a comprehensive data institutional framework [2]. - There is a consensus in the industry on the importance of market-oriented value realization of data elements to empower new productive forces and promote high-quality economic development [1][2]. Group 2: Infrastructure Development - Data infrastructure is crucial for ensuring efficient data circulation and utilization, with a goal to establish a national data infrastructure framework by 2029 [3]. - The National Data Bureau is planning to create a coordinated data infrastructure system that addresses the challenges of data circulation and utilization [3]. Group 3: Marketization of Data Elements - The integration of public and enterprise data is essential for enhancing efficiency and supporting the transformation of traditional industries, with a focus on ensuring data security [4]. - The National Data Bureau is promoting comprehensive pilot zones for data elements in ten regions, with specific tasks aimed at releasing data value and enhancing public data resource utilization [4].