Core Points - The Yangtze River Delta Data Cooperation Group has appointed a new rotating leader, with Shanghai's Data Bureau taking over from Jiangsu's Data Bureau for the 2026 term [1] - The group was established in October 2024 and represents a significant growth area for China's data industry, accounting for 22.6% of the national data industry scale and housing over 100,000 data enterprises [2] - The cooperation group focuses on eight areas, including data circulation infrastructure, standard research, and application expansion, under the guidance of the National Data Bureau [2] Group Leadership and Achievements - Jiangsu was the current rotating leader and emphasized the importance of breaking down silos in data work, aiming for a unified approach across the province [3] - Jiangsu has implemented the "Jiangsu Data Regulations" and established a unified data exchange platform, promoting a comprehensive data industry development [3] - The cooperation group has achieved significant results in integrated data market construction, resource sharing, and standard co-construction since its inception [3] Computing Power and Practical Applications - Computing power is highlighted as a crucial component of the data landscape, with collaborative efforts from Shanghai, Jiangsu, and Anhui to create a unified computing resource scheduling system [4] - The first cross-domain computing power trading platform was launched in Anhui, with similar platforms set to launch in Shanghai and Jiangsu [4] - A total of 48 typical cases showcasing data element collaboration and cross-domain circulation were announced, covering key sectors such as industrial manufacturing and modern agriculture [4] Public Welfare and Future Cooperation - The data bureaus have collectively achieved significant public service outcomes, including the sharing of over 6.71 billion government data records, enhancing services like cross-province medical billing and housing fund withdrawals [5] - Jiangsu proposed a series of cooperation initiatives, including establishing a data standard collaboration mechanism and a cross-regional data trading framework [5] - The aim is to strengthen cooperation mechanisms and expand collaboration areas to enhance the digital economy in the Yangtze River Delta region [5]

Core Insights - Data has become a core engine driving economic and social development, with Beijing actively responding to national policies by initiating the construction of a data foundational system pilot zone in 2023 [1][3] Group 1: Data Circulation and Value Release Practices - The establishment of the Beijing AI Data Sandbox mechanism has created a compliance system with 80 compliance baselines and a decision-making system involving an expert group and a council, facilitating the management of data from entry to exit [3] - The Beijing AI Data Application Development Platform integrates compliance services, industrial transformation, and data processing, attracting over 10 data labeling companies and accumulating more than 200 high-quality datasets [3] - The Beijing Public Intelligent Computing Center, the largest of its kind in the city, has gathered 17PB of data and provided model training services to over 30 enterprises, enhancing data value release [3] - The establishment of the Beijing AI Data Training Base has introduced a new paradigm for data circulation, focusing on vertical fields like autonomous driving and healthcare, with a signed framework worth 87 million yuan [3] - The "Modular World" AI New Quality Industry Community has established cooperation with over 300 enterprises, facilitating contracts worth 240 million yuan and creating a robust industrial ecosystem [3] Group 2: Future Directions - The institute aims to continue innovative practices to reduce data circulation costs, enhance data value, accelerate circulation speed, and strengthen compliance guarantees, contributing to the national data industry development [4]

Market Overview - The three major indices opened lower, with the Shanghai Composite Index at 3900.68 points, down 0.29%, the Shenzhen Component at 13064.26 points, down 0.42%, and the ChiNext Index at 3008.37 points, down 0.58% [1] Economic Indicators - As of the end of September, the broad money supply (M2) stood at 335.38 trillion yuan, reflecting a year-on-year growth of 8.4%. The cumulative increase in social financing scale for the first three quarters of 2025 reached 30.09 trillion yuan, which is 4.42 trillion yuan more than the same period last year. Additionally, RMB loans increased by 14.75 trillion yuan in the first three quarters [1] Industry Developments - The Ministry of Industry and Information Technology's Minister Li Lecheng met with Apple CEO Tim Cook to discuss Apple's business development in China and strengthen cooperation in the electronic information sector [2] - The National Development and Reform Commission announced plans to establish 28 million charging facilities nationwide by the end of 2027, including 40,000 "super fast combined" charging guns in highway service areas [1] Company Announcements - Three Flowers Intelligent Control announced that it has noticed rumors regarding large robot orders, which have been confirmed as untrue [5] - Junpu Intelligent plans to raise no more than 1.161 billion yuan through a private placement for smart robot R&D and industrialization projects [5] - Chip Origin announced plans to acquire control of Zhudian Semiconductor, while Nair announced plans to acquire at least 51% of Feilai Testing [6] - Shuo Beid announced a projected net profit increase of 2837%-3204% year-on-year for the third quarter, while Guanghua Technology reported a 1234% increase in net profit for the first three quarters [6] Market Sentiment - Zhongyuan Securities noted that the A-share market experienced narrow fluctuations in the morning and a rebound in the afternoon, with sectors like chemical pharmaceuticals, consumer electronics, and automobiles performing well. The market sentiment is expected to improve due to policy expectations and potential earnings rebounds in the upcoming third-quarter reports [8] - Dongwu Securities observed a similar trend, with the A-share market showing positive movement, particularly in engineering machinery and communication equipment sectors, while cautioning about potential volatility in the ChiNext Index [8]

Industry News - The National Development and Reform Commission and other departments issued a notice for the "Three-Year Doubling Action Plan for Electric Vehicle Charging Facilities (2025-2027)", aiming to establish 28 million charging facilities nationwide by the end of 2027 [4] - The State Data Bureau announced that China will launch 158 reform measures in seven national digital economy innovation development pilot zones, focusing on market-oriented allocation of data elements, technological innovation, and deep integration of industrial innovation [5] - AI technology is penetrating all aspects of drug development, as reported in KPMG's "Third Bio-innovation Leading 50 Enterprises Report" [5] - The Chongqing Medical Security Bureau has initiated the preparation phase for centralized procurement of urological medical consumables, covering 26 provinces [5] - The State Post Bureau emphasized the importance of smooth circulation and promoting logistics in the modern logistics industry during a recent inspection of the postal and express delivery industry [5] Company News - Haiguang Information announced a net profit of 760 million yuan for the third quarter, representing a year-on-year increase of 13% [6] - Guanghua Technology reported a net profit growth of 1234% year-on-year for the first three quarters [8] - Hainan Huatie completed a shareholding increase plan, accumulating 6.448 million shares [9] - Guizhou Bailing's subsidiary received approval for clinical trials of a new traditional Chinese medicine for type 2 diabetes [10] - China Ruilin plans to establish a tungsten and rare earth mining fund with a total scale of 2 billion yuan [10] - Junpu Intelligent plans to raise no more than 1.161 billion yuan for smart robot research and industrialization projects [10]

Group 1 - The U.S. stance on imposing a 100% tariff on China depends on China's actions, with China's Foreign Ministry urging the U.S. to correct its approach and resolve issues through dialogue [1] - China has launched a 90GHz real-time oscilloscope, marking a significant breakthrough in high-end electronic measurement instruments, alongside the release of two EDA design software with independent intellectual property rights [1] Group 2 - China's financial data for September shows M2 growth at 8.4% and M1 growth at 7.2%, with a notable increase in RMB loans and social financing scale [2] - The CPI for September increased by 0.1% month-on-month but decreased by 0.3% year-on-year, while the PPI remained flat month-on-month and decreased by 2.3% year-on-year [2] Group 3 - The article emphasizes the importance of balancing supply and demand, managing expectations, and enhancing macro-control effectiveness to stabilize market confidence [3] - The average interest rate for new corporate loans in September was approximately 3.1%, down 40 basis points year-on-year, indicating sustained low loan rates [4] Group 4 - The manufacturing sector's sales revenue increased by 4.7% year-on-year in the first three quarters, with high-end manufacturing sales growing by 9% [4] - China plans to establish seven national digital economy innovation development pilot zones, launching 158 reform measures focused on market-oriented data allocation and technological innovation [4] Group 5 - A-shares experienced a rebound with strong performance in robotics, electrical equipment, and consumer electronics, while certain sectors like photolithography and rare earths declined [5] - Hong Kong's Hang Seng Index rose by 1.84%, ending a seven-day losing streak, with significant rebounds in tech and financial stocks [5] Group 6 - China Ping An continues to increase its holdings in bank stocks, with significant purchases in China Merchants Bank and Postal Savings Bank [6] Group 7 - The National Development and Reform Commission has launched a three-year action plan to double the service capacity of electric vehicle charging facilities by the end of 2027 [9] - The second-hand car market in China saw a transaction volume of 1.7944 million vehicles in September, reflecting a 5.1% month-on-month increase [9] Group 8 - A consortium including BlackRock, NVIDIA, and Microsoft announced a $40 billion acquisition of data center giant Aligned, marking one of the largest data center transactions in history [10] - Apple has launched its new M5 chip, emphasizing AI performance, and plans to collaborate with BYD on smart home devices [10] Group 9 - The International Monetary Fund warns that global public debt is expected to exceed 100% of GDP by 2029, posing risks to financial stability [11] - The Federal Reserve's Beige Book indicates stable economic activity, with slight declines in consumer spending and stable employment levels [11] Group 10 - The U.S. stock market showed mixed results, with the Dow Jones down 0.04% while the S&P 500 and Nasdaq rose [13] - The Hong Kong Monetary Authority announced the second phase of its generative AI sandbox, inviting participants from various banks and tech partners [13]

南都讯 记者樊文扬 10月15日，在国家数据局举行的专题新闻发布会上，国家数据局党组成员、副局长 陈荣辉表示，在年初国家数据局同意天津市、河北省（雄安新区）、上海市、江苏省、浙江省、广东 省、四川省等7个地方开展国家数字经济创新发展试验区建设工作后，近期该局正式函复7个地区试验区 建设方案，围绕7方面158项改革举措开展试点试验。 其次是更加突出对新质生产力的培育。此次推进试验区建设，将重点聚焦推动科技创新和产业创新深度 融合，从技术攻关、协同创新、成果转化、转型服务、企业培育、产业发展等关键环节强化试点，因地 制宜培育新赛道、新产业、新支柱，推动试验区打造技术创新和产业发展新高地，着力提升数字经济核 心竞争力。 再者，更加突出对经济全方位的赋能。聚焦适度超前部署数字新设施，扩大有效投资，拓展数字消费新 模式，激发消费新需求，深化数字贸易新业态，释放贸易新活力等方面提出试点任务；支持试验区在推 进实数融合上"挑大梁"，力争形成地区产业升级动力源，区域经济增长极和国际贸易合作的新引擎。 "推动数字经济发展是一项创新性很强、挑战性很大的工作，需要抓好关键场景和载体，才能有效发挥 出数据对经济社会的全方位赋能作用。 ...

Core Viewpoint - The Chinese government is launching 158 reform measures across seven national digital economy innovation development pilot zones to enhance the market-oriented allocation of data elements, promote technological and industrial innovation, and create internationally competitive digital industry clusters [1] Group 1: Key Areas of Focus - The pilot zones include Tianjin, Xiong'an New Area in Hebei, Shanghai, Jiangsu, Zhejiang, Guangdong, and Sichuan [1] - The reform measures will focus on seven key areas, including the market-oriented allocation of data elements, integration of technological and industrial innovation, and the establishment of data infrastructure [1] Group 2: Goals and Objectives - The initiative aims to accelerate the cultivation of innovative digital economy enterprises and collaboratively advance the foundational systems and infrastructure for data [1] - The ultimate goal is to form a source of regional industrial upgrading, a growth pole for regional economic development, and a new engine for international trade cooperation [1]

9月29日10时30分，中共陕西省委宣传部、陕西省人民政府新闻办公室举办"持续深化'三个年'活动、聚力打好重点领域攻坚硬仗"系列新闻发布会，邀 请陕西省数据和政务服务局新闻发言人、副局长李炜，陕西省数据和政务服务局数据资源处处长索高盈，陕西省数据和政务服务局数字经济处处长薛帅，陕 西省数据和政务服务中心省政务服务中心主任李锴出席，以"数聚新动能、智领高质量——数据要素驱动陕西创新发展"为题目，介绍有关情况，并回答记者 提问。发布会由陕西省委宣传部新闻发布工作处处长周颖主持。 周颖：女士们、先生们，大家上午好！欢迎出席省委宣传部、省政府新闻办新闻发布会。 今天我们继续举行"持续深化'三个年'活动、聚力打好重点领域攻坚硬仗"系列新闻发布会。我们非常高兴邀请到省数据和政务服务局新闻发言人、副局 长李炜先生，请他以"数聚新动能、智领高质量——数据要素驱动陕西创新发展"为题目，介绍有关情况，并回答大家关心的问题。出席今天发布会的还有： 省数据和政务服务局数据资源处处长索高盈先生、数字经济处处长薛帅先生、省数据和政务服务中心省政务服务中心主任李锴先生。 下面，首先请李炜先生作介绍。 李炜：女士们、先生们，媒体界的朋友们， ...

Core Viewpoint - The construction of data element comprehensive experimental zones is characterized by "three common choices and two major differences," providing rich local samples and experience support for the market-oriented reform of data elements [1][4]. Group 1: Common Choices - In terms of reform mechanisms, local data authorities are playing a coordinating role, forming a collaborative effort with various cities and departments to promote the construction of experimental zones [4]. - The reform model generally follows a three-in-one approach of "mechanism construction - institutional exploration - application traction," where mechanism construction leads, institutional innovation is fundamental, and application traction serves as the driving force [4]. - Key reform tasks focus on cultivating and expanding the data ecosystem and targeting high-value data fields as entry points for advancing reforms [4]. Group 2: Differentiated Explorations - In specific implementation paths, local areas are adapting to their resource endowments and industrial development conditions, clarifying their respective experimental exploration focal points [4]. - Different experimental zones are exploring various directions based on their unique foundations and endowments, with leading regions focusing more on breakthrough tasks related to foundational data systems, while others emphasize application breakthroughs in advantageous fields [4]. Group 3: Long-term Reform Task - The construction of data element comprehensive experimental zones is a long-term reform task that requires collective effort and bold reforms to explore new paths in "institutional no man's land" [5].

Core Viewpoint - The Shandong Provincial Government is leveraging the "Data Element ×" initiative to enhance the development and utilization of data resources, aiming to create an innovative service system for data elements and improve the effectiveness of market-oriented reforms in data allocation [2]. Group 1: Regulatory Framework - Shandong is accelerating the legislative process for the "Shandong Provincial Data Regulations" and has introduced several management guidelines, including the "Public Data Resource Registration Management Norms" and "Data Trading Norms," establishing 283 data standards to ensure legal and systematic data utilization [2][3]. Group 2: Data Utilization and Infrastructure - The province is focusing on enhancing data production capabilities through integrated digital government reforms, establishing a unified foundational information platform, and creating a comprehensive big data platform system, which has facilitated over 52 billion data sharing instances and opened 48 billion data records [2][3]. - Shandong has developed over 90 high-quality datasets in sectors like industrial manufacturing and transportation, promoting the use of public data through 141 authorized operational scenarios [2][3]. Group 3: Data Circulation and Market Development - The province is promoting data circulation by organizing events like the "Data Market Construction and Supply-Demand Matching" and has launched the "Data Market," resulting in the listing of over 1,900 data products from local data trading companies [3]. Group 4: Industry Empowerment - Shandong is utilizing its geographical advantages and marine resources to develop marine data, accumulating over 50 petabytes of high-quality marine data, which constitutes 25% of the national total, and has established a marine big data trading service platform [3]. - The application of data in marine fisheries and disaster prevention has led to significant improvements, such as a 50% increase in monitoring efficiency and a 19% rise in output per unit sea area [3]. Group 5: Talent Development - The province has implemented measures to accelerate the cultivation of digital talent, including 51 advanced training sessions for over 1,500 high-level digital professionals, and has introduced chief data officer roles in government and chief data engineer roles in enterprises [4]. Group 6: Future Directions - Shandong will continue to focus on market-oriented reforms in data element allocation to stimulate strong data-driven momentum, contributing to the modernization efforts in China [5].