Core Insights - The successful completion of China's first cross-border data intellectual property transaction marks a significant breakthrough in the cross-border flow of data intellectual property [1] - The transaction involved a combination of seven data intellectual property rights related to three new chemical material products, ensuring clear ownership through authoritative certification [1] - The transaction was facilitated by the Bank of Communications Zhejiang Branch, which provided valuable cross-border settlement services, demonstrating a commitment to high-quality foreign exchange business development in Zhejiang Province [2] Group 1 - The transaction was assessed and approved by the Zhejiang Provincial Cyberspace Administration, establishing a three-tiered security system to achieve the goal of "data available but not visible" [1] - The Bank of Communications Zhejiang Branch actively engaged with local regulatory bodies to ensure compliance with national data export policies, showcasing its proactive approach in the new field of data intellectual property cross-border transactions [1] - The successful clearing of this transaction provides a precedent for banks to enhance their services for cross-border business, indicating a potential for future growth in this sector [2] Group 2 - The Bank of Communications Zhejiang Branch plans to continue leveraging its expertise in cross-border financial services to innovate and strengthen foreign exchange and trade service offerings [2] - The bank aims to support the development of a high-level open economy in Zhejiang Province, contributing to the high-quality development of the industry [2]

Group 1 - The first cross-border transaction of data intellectual property in China was successfully completed, involving a payment of $141,165.72 (approximately 1.03 million RMB) for seven core data assets related to chemical new materials [1] - The transaction was facilitated by Hangzhou Heliman Data Service Co., which specializes in providing data development for chemical new materials enterprises [1] - The data involved focused on safety experimental data required for market access certification in South Korea, and a comprehensive compliance mechanism was established for the transaction [1] Group 2 - Data is referred to as the "oil" of the digital age, but issues such as regulations and security have hindered its flow and trade [2] - Hangzhou is set to become the first city in China to legislate specifically for data circulation and trading with the implementation of relevant regulations in 2025 [2] - By the end of 2024, Zhejiang province had received 36,400 applications for data intellectual property registration, with 16,900 certificates issued, and a total utilization amount of 6.568 billion RMB achieved through various financial mechanisms [2] Group 3 - The successful transaction not only validated the feasibility of cross-border data intellectual property circulation but also provided a replicable "Zhejiang standard" and "Chinese solution" for data cross-border flow [3]