Core Viewpoint - China will implement comprehensive pilot reforms for market-oriented allocation of factors in 10 regions, focusing on traditional factors like land, labor, and capital, as well as innovative factors such as technology and data [1][2]. Group 1: Pilot Regions and Economic Impact - The pilot reforms will take place in regions with strong economic foundations, including Beijing's urban sub-center, key cities in Jiangsu, Hangzhou and Ningbo in Zhejiang, the urban area of Hefei in Anhui, and Fuzhou, Xiamen, and Quanzhou in Fujian, which together account for over a quarter of the national economic total in 2024 [1]. - The selected regions are expected to have a significant influence and strong pull on the overall economic landscape due to their economic scale and development [1]. Group 2: Financial Support and Capital Allocation - The People's Bank of China will actively support the market-oriented allocation reforms, enhancing the ability of capital factors to serve the real economy through various financial tools, including loans for agriculture, small enterprises, carbon reduction, and technological innovation [2]. - A total of 2.2 trillion yuan (approximately 308 billion USD) has been allocated for technology innovation and transformation loans, benefiting nearly 20,000 technology-oriented small and medium-sized enterprises [2]. Group 3: Employment and Talent Mobility - The reforms will prioritize employment, facilitating the orderly flow of labor and talent, particularly in advanced manufacturing and emerging consumption sectors, aiming to create more high-quality job opportunities [3]. - Policies will be implemented to improve social security transfer and continuity, and to enhance the service system for postdoctoral talents and foreign experts [3]. Group 4: Data Sharing and Utilization - The pilot regions will be supported in enhancing public data sharing and openness, aiming to unlock the value of public data resources, which are crucial for the market-oriented allocation of data factors [4][5]. - Efforts will be made to address issues related to data quality and circulation, with a focus on developing impactful projects and replicable models for public data resource utilization [4].