Core Viewpoint - The issuance of the new policy is seen as a significant benefit for companies deeply engaged in digital technology and data elements, particularly for companies like WeBank Technology [1] Group 1: Company Overview - WeBank Technology, established in 2014, is a digital technology enterprise that received national enterprise credit registration in 2015 [1] - The company has developed financial solutions such as "Keqi Loan," which has served over 10,000 technology enterprises, and "Piaolian Loan," which has helped 17 banks achieve decentralized credit granting, providing over 30 billion yuan in financing to 20,000 chain-related small and micro enterprises [1] Group 2: Policy Impact - The new policy is expected to accelerate the large-scale application of technological achievements and scenario innovations, particularly in the data element reform area [2] - The policy supports Shenzhen in exploring data trading and trusted circulation mechanisms, aligning with WeBank Technology's practice of converting enterprise tax data into credit assets [2] - The new round of comprehensive reform trials is seen as a catalyst for the marketization of data elements, with WeBank Technology committed to empowering the real economy through this "new experiment" [2] Group 3: Technological Advancements - WeBank Technology has been utilizing artificial intelligence since its inception to overcome traditional credit data limitations and has recently embraced large models to enhance multi-modal data analysis capabilities [2] - The company is building a knowledge graph platform to improve fraud detection accuracy, with plans to extend its AI credit engine to more emerging industries in line with the new policy's exploration of rules in the AI sector [2]

Core Insights - The rapid growth of data in the AI era is highlighted, with global data expected to increase by 36% annually, surpassing 1 YB by 2030, marking the entry into the YB era [3][4] - In China, the annual data output reaches 41.06 ZB, but only 5.1% is effectively stored, indicating a significant opportunity for improvement in data utilization [4] - The establishment of data aggregation platforms is being promoted by national policies to transition data from fragmentation to centralization, enhancing the value of data elements [4] Group 1: Data Infrastructure Development - The concept of "storage power centers" is introduced as a new type of data infrastructure, focusing on comprehensive management of data through aggregation, governance, security, and application [4][5] - Huawei's Omni-Dataverse global file system facilitates efficient data flow across data centers and regions, ensuring data visibility and manageability [5] - The ModelEngine toolchain enhances data preprocessing efficiency and reduces model costs, accelerating AI application deployment [5] Group 2: Data Security and Governance - Huawei's storage centers implement a trusted data space with over 30 data control strategies and full-process logging to ensure secure and controllable data circulation [5] - The integration of end-to-end data enterprises within storage centers promotes a positive cycle from data collection to governance and application [5] Group 3: Strategic Goals for Data Utilization - The goal for China is to transition from a data powerhouse to a data stronghold by increasing the application of advanced flash storage across industries and encouraging innovation in new storage mediums [5] - There is a call for enhanced deployment of AI storage facilities and improved data disaster recovery coverage [5] - The official launch of the provincial advanced storage power center marks a new phase in data resource integration and value release, laying a foundation for market-oriented data element allocation [5]

Group 1 - The national data standardization technical committee is soliciting public opinions on seven technical documents related to integrated computing power network construction, including requirements for computing power networking and resource management [1][2] - The Central Committee and the State Council have issued opinions to deepen the market-oriented allocation of data elements, supporting Shenzhen in exploring data trading and trusted circulation mechanisms [2][3] - The National Development and Reform Commission emphasizes four key measures to promote high-quality development of the real economy through finance, technology, and data, while supporting Shenzhen's comprehensive reform pilot [3] Group 2 - Anhui Province has established a pricing mechanism for public data resources, allowing free access for public governance and charging fees for industrial use, with a focus on cost recovery and reasonable profit [4][5] - Shanxi Province is seeking public opinions on a draft implementation plan for data circulation safety governance, proposing specific safety management measures to ensure compliant data circulation [6][7] - Wuhan has released a three-year action plan for the development of the data labeling industry, aiming to establish several data labeling industrial parks and support small and medium-sized enterprises [7][8]

Core Viewpoint - The document outlines the opinions from the Central Committee and the State Council on advancing comprehensive reform pilot projects in Shenzhen, emphasizing the market-oriented allocation of data elements and the establishment of relevant trading rules and standards [1] Group 1: Data Market Reform - The reform aims to deepen the market-oriented allocation of data elements, supporting Shenzhen in exploring mechanisms for data trading, trusted circulation, and revenue distribution [1] - There is a focus on developing more institutional outcomes in compliance assessment and certification related to data [1] Group 2: Public Data Opening - The initiative promotes the gradual and lawful opening of public data in sectors such as transportation, geography, satellite remote sensing, meteorology, and healthcare, while ensuring safety [1] - It emphasizes the need to establish relevant management systems, service mechanisms, and standards for data sharing [1] Group 3: Urban Information Models - The plan includes improving the urban information model foundational platform and cautiously conducting pilot applications of three-dimensional land space models [1] Group 4: Data Security and Cross-Border Flow - There is an intention to enhance data security governance and regulatory capabilities, exploring efficient, convenient, and secure mechanisms for cross-border data flow, in compliance with legal and regulatory requirements [1]

Overall Requirements - The article emphasizes the importance of adhering to Xi Jinping's thoughts and the spirit of the 20th National Congress, focusing on comprehensive implementation of new development concepts and balancing development with security [1] Education, Technology, and Talent System Reform - The article highlights the need for efficient collaboration between industry, academia, and research, advocating for the role of leading technology enterprises as "problem solvers" [2] - It discusses the exploration of new compensation management systems for research institutions and the reform of research funding management [2] - The article calls for the integration of education and industry to cultivate high-quality, innovative talents, particularly in engineering and technology fields [3] - It mentions the importance of enhancing support mechanisms for overseas talent recruitment and providing greater autonomy to employers in managing talent [3] Empowering the Real Economy - The article outlines the establishment of incentive mechanisms for financial services to support the real economy, including pilot projects for integrated financial services in technology industries [4] - It discusses the innovation of systems to support emerging industries, including the establishment of a comprehensive service system for technology transfer and commercialization [4] - The article emphasizes the need for market-oriented reforms in data elements, including the exploration of data trading and circulation mechanisms [5][6] Open Economic System - The article advocates for the optimization of goods trade and the support of new business models, particularly in customs facilitation and trade logistics [7] - It highlights the importance of enhancing service trade and exploring pilot projects for high-value, environmentally friendly services [7] - The article discusses the need for improved mechanisms for personnel mobility, including reforms to facilitate the practice of professionals from Hong Kong and Taiwan in Shenzhen [7] Governance Model - The article emphasizes the need for improved public service levels, particularly in healthcare and drug regulation [8] - It discusses the reform of land and natural resource management systems to enhance efficiency and sustainability [8] - The article highlights the importance of judicial reforms to establish a comprehensive mechanism for resolving commercial disputes [9] Implementation and Evaluation - The article stresses the importance of strong leadership and coordination in implementing reform measures, ensuring that tasks are effectively executed [10] - It calls for the establishment of a robust evaluation and promotion system for pilot reform experiences, ensuring timely adjustments to ineffective measures [10]

数字经济时代，数据作为关键生产要素价值日益凸显。据6月6日国家数据局消息，我国将在北京、浙 江、安徽等地部署建设10个国家数据要素综合试验区，支持各地在培育经营主体、繁荣壮大数据市场等 方面开展先行先试，全面释放实体经济和数字经济融合效能。 全联并购公会信用管理委员会专家安光勇在接受《证券日报》记者采访时表示："当前我国数据市场建 设还处于起步阶段，顶层政策与试验区建设为数据要素市场按下'加速键'。要最大程度释放数据要素价 值，需质量、合规、场景、资本、人才五路并进，把数据从'成本中心'转变为跨周期增长的'乘数效应发 动机'。" 政策红利持续释放 数据要素的市场化、价值化，受到政府的高度重视。5月26日下午，国家数据局党组书记、局长刘烈宏 主持召开培育全国一体化数据市场座谈会。会议提出，要深入贯彻落实党中央、国务院决策部署，大力 推动数据要素市场化价值化，让数据要素价值加快"显性化"。市场化是手段，价值化是目的。既要积极 推动公共数据开发利用，持续发力数字政府建设和经济社会发展；又要积极推动企业用数创新，让数据 要素价值体现在企业降本增效里，体现在培育新质生产力中，体现在赋能经济社会高质量发展上。 此前，支持 ...

Commercial Aerospace - Globalstar is expanding its second-generation direct-to-device (D2D) satellite constellation to provide network coverage for Apple devices, with Apple set to pay up to $1.1 billion to enhance iPhone's non-ground network connectivity [1] - The commercial aerospace sector is experiencing rapid development in reusable rockets and low-orbit satellite constellations, marking a dual turning point for China's commercial aerospace industry [1] - The low-orbit satellite launch acceleration is driving a comprehensive upgrade of the "satellite manufacturing-launch-application" chain, with low-orbit communication satellites being a significant future trend [1] Military Industry - The China Weaponry Equipment Group has received approval for a restructuring that will separate its automotive business into an independent central enterprise, which will not significantly impact the normal operations of related companies [2] - Analysts expect military industry orders to see a turning point by 2025, driven by new technologies and products aimed at enhancing equipment performance or reducing costs [2] - The restructuring is anticipated to lower the asset-liability ratio of the weaponry group to below 50%, enhancing financing cost advantages and increasing the expectation of asset securitization [2] Foldable Phones - Huawei's new tri-fold smartphone is expected to debut in the second half of the year, featuring an upgraded processor and imaging capabilities, while the first-generation model has seen strong sales [3] - The MateXT tri-fold phone, released in September 2024, achieved significant sales success, with all models selling out immediately and second-hand prices reaching up to 68,000 yuan [3] - The new tri-fold model is expected to generate renewed interest in the market, benefiting companies within the supply chain [3] Metformin - A study from the University of California, San Diego, found that women with type 2 diabetes taking metformin have a 30% higher chance of living to 90 years or older compared to those using sulfonylureas [4] - Metformin is being recognized for its potential anti-aging properties, with mechanisms including improved insulin sensitivity and cellular repair [4] Data Elements - The National Data Bureau announced the establishment of 10 national data element comprehensive pilot zones in various regions to support the development of data markets and enhance the integration of the digital and real economies [5] - The pilot zones aim to explore data value release paths and stimulate market growth, potentially creating an additional 100 trillion yuan in asset scale once data assets are recognized [5]

Group 1 - The National Data Bureau is leading the development of a national integrated data market policy document, emphasizing the need to accelerate the marketization and value realization of data elements [1][2] - The Ministry of Commerce and seven other departments have launched a special action plan to accelerate the development of intelligent supply chains, aiming to cultivate around 100 leading enterprises in the national intelligent supply chain by 2030 [2][3] - The electronic information manufacturing industry is set to undergo digital transformation, with a target of achieving over 85% CNC rate in key processes of large-scale enterprises by 2027 [3][4] Group 2 - The National Data Standardization Technical Committee is soliciting pilot units for six key standard and technical document verification directions, including data infrastructure and high-quality datasets [5] - Guangdong Province is advancing its digital construction by establishing a provincial data group and implementing public data resource development policies, aiming to enhance the data trading environment [6]

Core Insights - China is accelerating the reform of data factor marketization, aiming to establish a unified national data market by 2025 [1][2][3] Group 1: Policy and Strategic Goals - The National Data Bureau is developing policy documents to foster a national integrated data market, focusing on new characteristics of data market development [1][2] - By 2025, the National Data Bureau plans to refine data circulation and trading rules, promote data resource and product development, and establish a monitoring system for data market operations [2][3] Group 2: Challenges and Considerations - The construction of a national integrated data market faces challenges such as inconsistent rules, lack of trust, and the need for unified standards [3][4][7] - Key challenges include balancing data sharing needs with ownership clarity, ensuring data value release while managing security risks, and protecting corporate interests while fostering data collaboration [7][8] Group 3: Expected Outcomes and Innovations - The establishment of a national integrated data market is seen as crucial for enhancing digital economic development and achieving high-quality growth [4][9] - There is an emphasis on fostering operational entities, improving market infrastructure, and promoting innovative data applications across various industries [8][9]

在数字经济成为全球经济增长新引擎的背景下，我国正加速推进数据要素市场化配置改革，释放数据要素价值潜能。作为国内领先的数据智能服务商，唐煦 数畅积极响应国家政策号召，依托技术创新与场景深耕，打造覆盖数据"数据资源→数据托管→数据产品→数据产品流通→数据确权入表→数据交易所挂牌 交易→数据资产→金融创新服务→城市数字身份，实现全链路数据价值挖掘，为政企客户提供安全、高效、合规的数据要素解决方案，助力数字经济高质量 发展。 政策引领，抢抓数据要素市场化机遇 近年来，国家相继出台《关于构建数据基础制度更好发挥数据要素作用的意见》《"数据要素×"三年行动计划》等政策，明确数据作为新型生产要素的战略 地位。唐煦数畅紧抓时代机遇，以"释放数据价值，驱动数智转型"为使命，构建从数据资源化到资产化的完整服务链条，推动数据要素在金融、医疗、工 业、政务等领域的深度融合应用，赋能实体经济提质增效。 1.数据托管与治理 政府端：建立政务数据统一托管平台，实现跨部门数据归集、数据治理、数据产品的开发流通、数据确权交易、数据资产的金融服务、数据安全存储等服 务。 企业/商户端：提供合规化数据托管服务，支持结构化与非结构化数据清洗、脱敏、 ...