Core Insights - The Beijing Shijingshan District government has released a draft proposal for the construction of the "Beijing Future Digital Space Innovation Experimental Zone," which aims to establish an efficient data element circulation system [1] - The proposal includes the exploration of a data circulation and governance sandbox experimental zone, with foundational rules for data generation, collection, circulation, trading, and utilization [1] - There is an emphasis on encouraging and supporting enterprises to conduct safe and compliant cross-entity, cross-platform, and cross-regional data resource circulation [1] Data Infrastructure Development - The plan outlines a forward-looking layout for cross-border data flow infrastructure, including the construction of a monitoring and trusted operation capability system for cross-border data transmission [1] - The proposal seeks national support for the establishment of offshore data centers to facilitate international big data services [1] - Additionally, there is an effort to secure support from national ministries to set up a dedicated international internet data channel for the experimental zone, enhancing enterprises' access to the international internet [1]

中国国家网信办副主任王京涛和欧盟委员会贸易总司总司长萨宾·韦恩德在布鲁塞尔共同主持会议。双方结合双方企业诉求，就坚持双向对等原则进一步发挥机制作用，推动规则联通等达成广泛共识。双方同意设立工作组，就中欧汽车领域数据跨境流动开展合作。 ...

网信办副主任王京涛与德国联邦数字化和国家现代化部国务秘书霍尔舍尔举行会谈 金十数据7月17日讯，当地时间7月16日，中国国家互联网信息办公室副主任王京涛在柏林与德国联邦数 字化和国家现代化部国务秘书霍尔舍尔举行会谈。双方围绕数据跨境流动、人工智能治理等议题广泛深 入交换意见，一致同意深化中德数据跨境流动合作，拓展人工智能治理领域交流，并就继续开展相关机 制性对话达成共识。 （网信中国） ...

Group 1 - The Hong Kong government emphasizes the need for autonomous computing facilities to fully leverage the potential of artificial intelligence and data [1] - The first phase of the Cyberport AI Supercomputing Center was launched at the end of last year, with a budget of HKD 3 billion for the AI funding program, which has approved 10 projects in various fields [1] - The supercomputing center's computing service usage rate has exceeded 90%, with expectations to increase computing power to 3000 PFLOPS within the year [1] Group 2 - The Hong Kong government signed a memorandum with the National Internet Information Office to promote cross-border data flow in the Greater Bay Area, which has been well received across various industries [2] - The Digital Policy Office released guidelines for the responsible development and application of generative AI technology, aiming to create a safe and sustainable environment for AI in Hong Kong and the Greater Bay Area [2] - The relationship between AI and data is viewed as multiplicative rather than additive, with the government encouraging innovation in AI while leveraging Hong Kong's unique advantages [3]

Group 1 - The meeting between the head of the National Bureau of Statistics, Liu Liehong, and the president of the International Data Space Association, Reinhard Achatz, focused on data space construction and cross-border data flow [1]

Group 1: Core Policy Initiatives - The State Council issued a notification to replicate and promote 77 pilot measures from the Shanghai Free Trade Zone (FTZ) to enhance institutional innovation and open up the economy at a higher level [1][4] - Among the 77 measures, 34 will be replicated in other FTZs and 43 will be implemented nationwide, focusing on high-level trade and investment facilitation [1][4] Group 2: Financial Sector Innovations - The People's Bank of China emphasizes the importance of financial innovation in the FTZ, with initiatives including optimizing cross-border cash pools for multinational companies and promoting international payment services [2][3] - Future support policies will include the development of offshore bonds and comprehensive reforms in offshore trade finance services [3] Group 3: Trade Facilitation and Market Opening - The measures aim to enhance customs efficiency and reduce costs for enterprises, such as optimizing international transit operations and integrating customs management with port operations [4] - Nearly half of the measures focus on areas like intellectual property protection, government procurement reform, and labor rights protection, contributing to a transparent and predictable institutional environment [4] Group 4: Digital Trade and Economy - The Shanghai FTZ is actively aligning with international digital trade standards, focusing on data cross-border flow and expanding data sharing [5][6] - In 2024, Shanghai's digital trade imports and exports are projected to reach $109.53 billion, accounting for 30.1% of the national total, with a year-on-year growth of 4.9% [6] Group 5: Customs Efficiency for Consumer Goods - The General Administration of Customs is enhancing the efficiency of customs clearance for imported consumer goods, particularly fruits, by developing data recognition systems with exporting countries [7] - Simplified domestic quarantine measures have shown positive results in the Shanghai FTZ and are being promoted nationwide to improve trade safety and convenience [7]

Core Viewpoint - The Shanghai Free Trade Zone (FTZ) has achieved significant progress in trade facilitation and regulatory innovation, with a total import and export value exceeding 900 billion yuan in the first five months of the year, accounting for over 26% of the national FTZ total [1][5]. Group 1: Trade Facilitation Measures - The customs authority has simplified domestic quarantine measures for fruits already processed abroad, resulting in 10,500 fruit shipments utilizing this model for customs clearance [3]. - The "single window" platform has drastically reduced customs clearance time from nearly a day to just one or two hours, benefiting over 700,000 enterprises and saving over 2 billion yuan in trade costs annually [9][7]. - The Shanghai FTZ has implemented 80 pilot measures to align with international high-standard trade rules, leading to significant institutional innovations and advanced experiences [5][4]. Group 2: Data Cross-Border Flow - The Shanghai FTZ has enhanced the freedom of cross-border data flow, establishing data service centers and reducing compliance costs through a negative list for data movement in finance, trade, and shipping [15]. - A financial company in the FTZ has streamlined the encrypted transmission of monthly financial reports to its overseas headquarters, significantly improving efficiency [11]. - Shanghai aims to actively participate in the formulation of international rules and standards for cross-border data flow and data security [17]. Group 3: International Transit and Logistics - The international transit consolidation center in the Shanghai FTZ has rapidly improved its operational efficiency, achieving transit times comparable to international standards within two years [18][19]. - The implementation of a digital platform for the consolidation center has enabled full-process tracking of goods, enhancing operational efficiency [20]. - The Yangshan Port achieved a container throughput of 14.056 million TEUs in the first half of 2025, with international transit and consolidation volumes reaching 2.696 million TEUs, marking a 10.6% year-on-year increase [23].

Core Viewpoint - The Ministry of Commerce supports the establishment of a negative list for data export in free trade zones, aimed at facilitating efficient and secure cross-border data flow for enterprises [1] Group 1: Policy Measures - The recent announcement includes 77 pilot measures that cover a wide range of areas and demonstrate significant openness [1] - The Ministry of Commerce plans to accelerate the implementation of these measures to ensure they yield effective results [1] Group 2: Data Export Regulations - The negative list for data export will allow data outside the list to be exported without the need for safety assessments, standard contracts, or protective certifications [1] - This initiative is designed to meet the cross-border data flow needs of enterprises, promoting efficient and secure data movement [1]

Core Insights - The successful transmission of data from Hong Kong University Shenzhen Hospital to the "Health Connect" system in Hong Kong marks a significant technological advancement in cross-border data connectivity between Shenzhen and Hong Kong [1] Group 1: Data Connectivity - The establishment of a cross-border secure and convenient data transmission channel supports the integration of medical systems between Shenzhen and Hong Kong [1] - Future discussions and practical implementations will focus on ensuring compliance with local regulations while facilitating the safe and efficient transfer of electronic medical records and examination reports [1] Group 2: Policy Framework - The initiative aligns with national data export security management policies and the memorandum on promoting cross-border data flow in the Guangdong-Hong Kong-Macao Greater Bay Area [1] - Relevant policy measures will be explored to enhance the cross-border flow of medical data while adhering to the legal frameworks of both regions [1]

Core Viewpoint - Fujian Shida Group Co., Ltd. reported a significant decline in its big data business revenue, with a 32.87 percentage point drop in revenue rate, highlighting the need for detailed disclosures regarding customer and supplier dynamics, revenue recognition, and the sustainability of its business model [1][2]. Financial Performance - The big data business generated revenue of 293.17 million yuan, accounting for 94.97% of total revenue in 2024 [2][12]. - The company experienced a net profit attributable to shareholders of -72.43 million yuan after deducting non-recurring gains and losses [1]. Customer and Supplier Dynamics - In 2024, three out of the top five customers were new, contributing 233 million yuan, which is 75.57% of total sales, with the largest customer accounting for 60.22% [1][9]. - The top five suppliers included three new suppliers, with a total procurement amount of 247 million yuan, representing 67.65% of total purchases, and the largest supplier accounting for 56.59% [1][9]. Revenue Recognition and Business Model - The company confirmed that revenue is primarily recognized upon project acceptance, with significant revenue concentrated in the fourth quarter due to project completion timelines [8][12]. - The system integration business remains the core model, with a focus on customized solutions based on client needs, leading to a substantial increase in the share of intelligent computing services [12][13]. Market Trends and Future Outlook - The company is actively expanding its presence in the intelligent computing market, with a projected increase in revenue from this sector to 73.61% in 2024, reflecting an 85.96% year-on-year growth [13]. - The establishment of a cross-border data service platform is expected to enhance revenue streams, with significant orders already in place for 2025 [13][14]. Risk Factors - The company faces market competition risks as the big data market expands, potentially leading to price reductions and profit margin pressures [15]. - Regulatory risks related to data security and compliance costs are increasing, which may impact operational costs and project execution [15].