Core Insights - In the digital economy era, data has become a core strategic asset for commercial banks, surpassing traditional elements like capital and branches, driving innovation, risk management, and customer service upgrades [1] Talent Acquisition - The competition for data talent in the banking sector is intensifying, with high demand for roles in data analysis, governance, database management, and artificial intelligence [2][3] - A significant recruitment initiative by Heilongjiang Rural Credit Cooperative aims to hire 97 employees, with over half of the positions focused on information technology, including data development and AI [2] - Banks are increasingly seeking hybrid talents who possess both financial knowledge and data technology skills, reflecting a market gap in this area [3] Platform Development - Banks are actively advancing data platform construction projects, with a focus on domestic alternatives and modernization [4] - For instance, the Bank of Communications in Zhejiang is migrating local data to a domestic database as part of its digital transformation efforts [4] - Major state-owned and joint-stock banks are initiating new generation distributed core system projects to enhance service efficiency and system stability [5] Data Asset Recognition - Banks are moving towards recognizing data as an asset, with several institutions reporting data asset valuations in their annual reports [7][8] - The implementation of the Ministry of Finance's regulations allows qualified data resources to be recognized as intangible assets, significantly impacting the banking sector's financial reporting [7] - Notable banks like China CITIC Bank and Everbright Bank have reported specific amounts for data assets, indicating a shift from viewing data as a cost to recognizing it as an asset [8]

NO.1 央行等部门5月7日上午将介绍"金融政策支持稳市场稳预期"有关情况 国务院新闻办公室5月6日消息，国务院新闻办公室将于5月7日上午9时举行新闻发布会，请中国人民银 行、国家金融监督管理总局、中国证券监督管理委员会负责人介绍"一揽子金融政策支持稳市场稳预 期"有关情况，并答记者问。 NO.2 财政部蓝佛安：有信心实现2025年的5%左右增长目标 每经记者 杨建 每经编辑 肖芮冬 ｜2025年5月7日 星期三｜ 2025年5月4日至7日，亚洲开发银行理事会第58届年会在意大利米兰举行。蓝佛安指出，中国是经济全 球化的受益者也是贡献者，近年来对全球经济增长的贡献率保持在30%左右。今年一季度GDP同比增长 5.4%，实现良好开局。中方将采取更加积极有为的宏观政策，有信心实现2025年的5%左右增长目标。 中国将继续建设国内统一大市场，扩大高水平对外开放，同世界特别是亚太成员分享中国发展机遇与红 利，携手应对时代挑战，共创亚太美好未来。 NO.3 我国首次海洋性冰川航空探测启动，调查点位海拔超过4700米 据央视新闻报道，5月6日，自然资源部中国地质调查局将在西藏昌都正式开展我国首次海洋性冰川航空 探测，以掌 ...

Group 1 - In the first four months of the year, approximately 270 billion yuan was invested in the market through ETFs, with a net subscription amount of 170 billion yuan in April alone [1][1] - In April, 119 new funds were issued, raising a total of 901.56 million units, with equity funds accounting for 48.31% of the total [1][1] - The trust industry is undergoing a transformation, with three trust companies managing over 2 trillion yuan in assets, indicating a shift towards capital market participation [1][1] Group 2 - Insurance funds have shown a preference for high-dividend assets, with holdings in over 700 stocks, particularly in the banking sector [2][2] - The global shipment of large-sized LCD TV panels is expected to increase by 11.5% year-on-year in Q1 2025, indicating a trend towards larger average panel sizes [2][2] - The application of exoskeleton robots is expanding in various sectors, with significant contributions from multiple A-share listed companies [2][2] Group 3 - The implementation of new accounting regulations has led to a rapid increase in the number of A-share companies reporting data assets, from 17 to 92, with reported asset values soaring from 0.79 billion yuan to 24.95 billion yuan [3][3] - The trust industry is restructuring its business model to adapt to regulatory changes, focusing more on capital market investments [4][4] Group 4 - Apple reported revenues of 95.36 billion USD for Q2 of FY2025, exceeding market expectations, although its stock price fell by 4% post-announcement due to lower-than-expected revenue from Greater China [5][5] - Hims & Hers appointed former Amazon executive Nader Kabbani as COO, indicating a strategic move to enhance operational capabilities [5][5] - Volvo's NOVO Energy announced a 50% workforce reduction as part of a cost-cutting and operational restructuring plan [5][5] Group 5 - The number of A-share companies seeking to list in Hong Kong has increased, with 46 companies currently in the process, reflecting a growing trend of cross-border listings [6][6] - Jiangsu Hengrui Medicine has passed the listing hearing for the Hong Kong Stock Exchange, indicating its readiness for international capital markets [6][6] Group 6 - U.S. stock indices experienced declines, with the S&P 500 ending a nine-day winning streak, influenced by tariff threats and specific stock performances [7][7] - Oil prices fell to a three-year low as OPEC+ decided to accelerate production increases, while gold prices reached a one-week high [8][8]

Group 1 - A-share market is expected to experience a volatile recovery in May, with a focus on structural opportunities, particularly in technology growth and domestic consumption [1][6] - The performance of A-shares is likely to improve post-holiday, driven by a rebound in global markets and a decrease in tariff impacts [2][6][7] - The automotive sector is seeing various promotional activities, with some models offering discounts exceeding 50,000 yuan, which may stimulate consumption in the second quarter [3] Group 2 - Over 74% of listed companies in the Shanghai and Shenzhen markets reported profits for 2024, indicating resilience in corporate performance [4][13] - The financial sector achieved a net profit of 2.7 trillion yuan in 2024, reflecting a 10.3% year-on-year growth [4] - The net inflow of funds into ETFs has reached approximately 270 billion yuan this year, highlighting their role in stabilizing the market [5] Group 3 - The trend of data assets being included in financial statements is accelerating, with the number of participating companies increasing from 17 to 92 and the disclosed scale rising to 2.495 billion yuan [11] - More than 40 A-share companies are planning to list in Hong Kong, driven by policy support and the attractiveness of the Hong Kong market [12] Group 4 - Recent institutional research has focused on export-oriented companies and their strategies to cope with external pressures, emphasizing the importance of core competitiveness [10] - The overall revenue of A-share listed companies reached approximately 72 trillion yuan in 2024, reflecting a steady improvement in performance [13]

Core Insights - The implementation of the "Interim Regulations on Accounting Treatment Related to Corporate Data Resources" on January 1, 2024, is driving a transformation in the A-share market regarding the recognition of data assets [1][4] - The number of companies recognizing data assets in their financial statements has surged from 17 to 92, with the disclosed scale increasing from 0.79 billion to 24.95 billion [2][6] - The trend is reshaping corporate asset structures and creating new markets in data governance, asset evaluation, and financial services, potentially unlocking a trillion-yuan data factor market [1][6] Industry Expansion - The data asset recognition process in A-share companies has accelerated significantly in 2024, with 92 companies reporting data assets by year-end [2] - The primary sectors involved include information technology, manufacturing, and infrastructure, which together account for over 90% of the total disclosed data asset scale [2][6] - New sectors such as leasing, retail, scientific research, finance, mining, and utilities have also begun to participate in data asset recognition [2] Standardization and Compliance - The accounting treatment of data assets is transitioning from diverse exploratory practices to standardized applications, with companies providing detailed disclosures in their annual reports [3] - Companies are now specifying amortization methods and key measurement aspects, indicating a move towards a more structured accounting framework [3] Financial Optimization - The recognition of data assets is enhancing corporate financial structures by expanding total asset scales and improving debt ratios [6] - Investors are now evaluating companies based on data asset size and quality, alongside traditional financial metrics, leading to a new valuation paradigm [6] Data Asset Securitization - The establishment of the "Ping An - Rugao Phase 1 Asset-Backed Special Plan (Data Assets)" marks a breakthrough in data asset securitization, with an issuance scale of 1.3 billion [7] - Data assets are being recognized as collateral for financing, and the trend of data asset securitization is emerging as a new financing avenue [6][7] Industry Ecosystem Development - A comprehensive service ecosystem is forming around data asset recognition, involving collaboration among various service providers, including accounting firms, technology companies, and financial institutions [8] - The number of data asset service companies in China has reached 3,553, indicating a growing market for data asset management [8] Future Trends - In the next 1 to 3 years, the number of companies recognizing data assets is expected to grow rapidly, along with improvements in standardization and compliance [7] - Companies with high-value data assets may achieve higher premiums as the valuation logic evolves [7]

国家数据局：加速数据要素市场化、价值化进程 智通财经4月30日电，第八届数字中国建设峰会正在福建福州举行。国家数据局相关负责人在29日的举 行的"数据要素市场化价值化"分论坛上表示，加速数据要素市场化价值化进程，数据价值的实现方式将 更加多元。国家数据局相关负责人介绍，以场景化加快牵引价值化，数据要素赋能作用不断凸显，数据 资产入表工作稳步推进。截至目前，上市公司披露入表的有88家，入表资产24.86亿元，相比2024年一 季度，分别增加70家和23.82亿元。国家数据局政策和规划司负责人栾婕表示，数据要素价值化本质上 是数据作为生产要素进入经济社会系统、创造和实现价值的过程。与此同时，也激励更多经营主体参与 到数据市场建设中，推动市场化向纵深化发展。 ...

Group 1 - The year 2024 marks the formal inclusion of data assets in accounting practices, with 92 listed companies reporting a total of 2.495 billion yuan in data assets by the end of the year [1][2] - The number of companies reporting data assets has increased from 17 in the first quarter to 92 by the annual report, with the total value rising from 79 million yuan to 2.495 billion yuan [2] - Major contributors to data asset reporting include China Mobile, Cloud Horse, China Unicom, and China Telecom, each reporting over 100 million yuan in data assets [2][5] Group 2 - Data assets are primarily classified as intangible assets, with over 60 companies accounting for more than 1.3 billion yuan in this category, representing approximately 60% of the total [3] - The inclusion of data assets in financial statements helps companies optimize their financial reports, impacting asset scale and net profit [3] - Data asset reporting is seen as a foundation for digital transformation and exploring data trading and value-added services [3] Group 3 - The standardization and normalization of data asset reporting is a growing concern, as not all data resources qualify as assets [4] - Companies face challenges in distinguishing between data resources, products, and assets, necessitating a comprehensive approach to compliance and management [4] - Some companies have been cautious in reporting data assets, with instances of previously reported data being corrected or omitted in annual reports [5]

Core Insights - Ningbo Bank has reported a data resource entry amount of 6 million yuan in its 2024 annual report, marking it as the second bank in China to implement data asset accounting after CITIC Bank [1][2] - The bank achieved an operating income of 66.631 billion yuan in 2024, a year-on-year increase of 8.19%, and a net profit attributable to shareholders of 27.127 billion yuan, up 6.23% year-on-year [1] - By the end of 2024, Ningbo Bank's total assets reached 31.252 trillion yuan, a growth of 15.25% compared to the previous year, officially entering the "30 trillion club" [1] Financial Performance - The total loans and advances amounted to 14.76063 trillion yuan, reflecting a year-on-year growth of 17.83%, while total deposits reached 18.36345 trillion yuan, up 17.24% year-on-year [1] - The non-performing loan ratio stood at 0.76%, indicating a stable performance in asset quality [1] Interest Margins - The net interest margin for 2024 was 1.86%, a decrease of 2 basis points year-on-year, while the net profit margin was 1.91%, down 10 basis points year-on-year [2] - The decline in net interest margin was attributed to effective credit demand shortages, falling market interest rates, and adjustments in existing mortgage rates [2] Digital Transformation - The annual report emphasized the importance of digitalization, mentioning upgrades to systems like Kunpeng Treasury and Financial Management solutions, which aim to enhance operational efficiency and customer service [2] - In July 2023, Ningbo Bank launched its fintech brand "Ningxing Cloud," offering various financial services including fund management and foreign exchange [2] Data Asset Financing - Despite limited details on data resources in the annual report, Ningbo Bank has engaged in data asset financing, indicating a deeper involvement in data elements than presented [3] - In October 2023, a company in Deqing County secured a 10 million yuan loan from Ningbo Bank by pledging its autonomous driving simulation data as collateral [3]

Group 1 - The article discusses the signing of two executive orders by the U.S. President regarding "reciprocal tariffs," establishing a 10% minimum baseline tariff on trade partners and a 25% tariff on imported cars effective April 3 [3] - Guizhou Moutai announced its 2024 performance, achieving total revenue of 174.144 billion yuan, a year-on-year increase of 15.66%, and a net profit of 86.228 billion yuan, up 15.38% [3] - The company plans to distribute a cash dividend of 276.24 yuan per 10 shares, totaling 34.671 billion yuan, and aims for a revenue growth target of approximately 9% for 2025 [3] Group 2 - The U.S. stock indices closed higher, with the Dow Jones up 0.56% at 42,225.32 points, and the S&P 500 rising 0.67% to 5,670.97 points [5] - European stock indices closed lower, with Germany's DAX down 0.66% at 22,390.84 points [5] - The Asia-Pacific major indices mostly rose, with Japan's Nikkei 225 up 0.28% at 35,725.87 points [5] Group 3 - The article highlights that the A-share market saw a slight increase, with the Shanghai Composite Index up 0.05% at 3,350.13 points, while the market turnover fell below 1 trillion yuan for the second time this year [12] - The number of new A-share accounts opened in March reached 3.0655 million, nearly doubling from January [13] - The article mentions that 187 stocks have been included in the brokerage's April "golden stock" list, with Qingdao Beer being the most frequently included [14] Group 4 - The article reports that the global data market transaction scale exceeded 160 billion yuan in 2024, with a year-on-year growth of over 30% [25] - The article notes that the wholesale sales of new energy passenger vehicles in March reached 1.14 million units, a year-on-year increase of 37% [26] - The article mentions that the software business revenue in China for the first two months of the year was 1.8965 trillion yuan, a year-on-year increase of 9.9% [27] Group 5 - The article states that the U.S. ADP employment numbers increased by 155,000 in March, exceeding market expectations [30] - The article mentions that the European Central Bank's President expressed concerns about the negative impact of U.S. tariff policies on the global economy [31] - The article highlights that South Korea's CPI rose by 2.1% year-on-year in March, marking the third consecutive month of inflation above 2% [33]