Core Viewpoint - The article discusses the launch of a pilot program in the financial sector by the People's Bank of China, the National Development and Reform Commission, and the National Data Bureau to implement the "Data Element ×" three-year action plan (2024-2026), aiming to enhance financial quality, reduce costs, and improve efficiency through the effective use of data elements [1] Group 1 - The pilot program is guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era and aims to fully implement the new development concept while ensuring safety and compliance [1] - The program seeks to leverage the vast data and diverse application scenarios in the financial sector to promote cross-industry and cross-level data optimization, collaboration, and innovation [1] - The initiative is designed to optimize financial services, enrich financial products, and strengthen risk prevention measures, contributing to the overall improvement of the financial sector [1] Group 2 - The pilot work includes four main tasks: enhancing foundational capabilities and improving data governance; promoting orderly data sharing and optimizing resource allocation; strengthening data integration applications to enhance financial service quality; and establishing robust security management to improve financial risk resistance [1]

日前，国家数据局举办"数据要素×"系列新闻发布会第三场，介绍各地在推进"数据要素×"行动实施的有 关情况。 国家数据局政策和规划司负责人、局新闻发言人栾婕表示，自启动"数据要素×"三年行动计划以来，10 多个省市已出台这一行动整体或者具体领域工作方案，配套制定财政资金奖补等政策。下一步，将继续 支持地方先行先试、大胆探索，印发数据要素场景指引。 发布会上透露，广东作为全国经济大省，正聚焦实数深度融合一条主线，通过供给公共数据、多源数据 和行业数据，提供数据政策、设施建设与数据安全等多重保障，以及培育数据流通交易平台、企业、人 才等数字经济生态，多维度实施"数据要素×"行动。同时，发挥"数据要素×"大赛牵引作用，激活数据要 素潜能，助推实体经济发展。 "数据要素×"的广东行动 粤港澳大湾区市场主体众多、产业发展活跃、数据资源丰富、应用场景广阔，基于这些综合优势，广东 在实施"数据要素×"行动上作了众多探索。 发布会上，广东省政务服务和数据管理局党组书记、局长王天广表示，近年来广东通过多维度供"燃 料"、全方位强"根基"、多载体培育"生态"，推动数据要素价值释放驶入快车道。 广东分赛呈现"三个更多" 去年，首届" ...

首先是支持政策有效，行动落实更有保障。各地加强政策对接，结合实际完善政策，不断夯实"数据要 素×"行动实施政策保障。截至目前，山东等10多个省市已经出台了"数据要素×"行动整体或者具体领域 工作方案，配套制定了财政资金奖补等专项支持政策。许多地方结合"数据要素×"行动的实施编制了"四 库全书"，也就是"项目库、场景库、案例库、专家库"，对入库企业实施"一企一策"，既加大投资、也 帮助解难题，还帮助宣传推广，让企业更有获得感。下一步，国家数据局将指导地方持续推进行动走深 走实，全面完成行动任务和目标。 其次是基层探索有力，价值释放图景更加显现。各地统筹推进试点建设、大赛牵引、案例推广、场景指 引等工作，因地制宜探索数据要素价值释放多样化路径。比如，今年办赛动员期间，很多地方请去年大 赛企业"现身说法"。在企业数据方面，企业用好内部数据实现降本增效，以产业链供应链数据进一步带 动链上企业协同优化，以及融合外部数据创新应用的路径愈加清晰。在公共数据方面，用于提升政府治 理效能和公共服务水平，以及通过授权运营开放数据并推进与各方面各领域数据的融合应用，带动一批 新应用。在城市治理、应急等领域有很多鲜活的案例。下一步， ...

Group 1 - The core viewpoint of the articles emphasizes the implementation of "data element ×" actions across various provinces, showcasing the multiplier effect of data elements in enhancing economic and social development [1][2] - More than 10 provinces and cities have developed comprehensive or specific work plans for the "data element ×" initiative, supported by financial incentives and policies [1] - Local governments are creating databases, including project, scenario, case, and expert libraries, to tailor strategies for individual enterprises, thereby increasing investment and addressing challenges [1] Group 2 - In the tourism sector, Chongqing has utilized multi-source data to create an intelligent optimization model for tourism routes, resulting in a 25 percentage point increase in visitor satisfaction [2] - Shandong has developed a "data-driven marine tourism joint operation" model, leading to a 150% increase in marine tourism products and a 172% rise in visitors [2] - Jiangsu has launched a unified data exchange, listing 3,933 data products and attracting 1,864 data vendors and third-party service providers within five months [2] - The release of the data element multiplier effect has also fostered the cultivation of digital talent, with Guangdong implementing standards for evaluating big data engineering technical talent and providing training subsidies [2]

Core Viewpoint - The article discusses the release of the "Several Policy Measures for Accelerating the Integration of Technological Innovation and Industrial Innovation Development" aimed at enhancing Suzhou's innovation influence and developing new productive forces through 15 specific policy measures across five dimensions [1] Group 1: Enhancing High-Quality Technological Innovation Supply - Suzhou aims to enhance the supply of technological innovation by supporting the establishment of key laboratories with funding up to 200 million yuan and 20 million yuan respectively [2] - The city will support the construction of several high-level research institutes and provide funding for various scientific research projects, with maximum support reaching 5 million yuan, 6 million yuan, and 10 million yuan [2] - Global "challenge" initiatives will be organized with a maximum support of 10 million yuan for key technology breakthroughs and major scientific achievements [2] Group 2: Improving Integration Development Effectiveness - The policy measures focus on building a modern industrial innovation system, with rewards of 5% for manufacturing enterprises investing over 50 million yuan in equipment [3] - New service industry leaders will receive up to 1 million yuan in support, and strategic emerging industries will be cultivated to create advanced industrial clusters [3] - Support for artificial intelligence and data integration development projects can reach up to 100 million yuan [3] Group 3: Enhancing Enterprise Technological Innovation Capability - Suzhou will establish a nurturing system for innovative enterprises, providing up to 100 million yuan for newly built global R&D centers [4] - Enterprises leading national major scientific projects will receive support of up to 20 million yuan [4] - The city aims to support at least 90% of municipal industrial technology innovation projects led by enterprises each year [4] Group 4: Promoting Efficient Transformation of Technological Achievements - A high-level platform for technology transfer will be established, with support for the construction of technology transfer centers and service platforms up to 20 million yuan [5] - The city encourages "dual employment" between universities and enterprises, supporting technology talent exchanges [5] - Financial institutions are encouraged to develop insurance products for technology transfer, with support for premiums up to 300,000 yuan [5] Group 5: Building an Open and Shared Innovation Ecosystem - Suzhou will enhance its technology finance service system, providing risk compensation of up to 10 million yuan for financial institutions supporting technology enterprises [6] - Support for high-value patent cultivation projects will be provided, with each project receiving 500,000 yuan [6] - New national and provincial "Belt and Road" joint laboratories will receive funding support of up to 10 million yuan and 2 million yuan respectively [6][7]

Group 1 - The National Cultural Heritage Administration is steadily advancing the construction of a national cultural resource database (China Cultural Cloud), accumulating over 180TB of cultural data through major projects such as the national survey of precious cultural relics and the third national cultural relics census [1][2] - The administration has implemented top-level design by issuing several key documents, including the "14th Five-Year Plan for Cultural Heritage Protection and Technological Innovation," which outlines tasks for digitalization and smart museum construction [1][2] - A scientific data center for cultural heritage protection has been established, creating a data sharing mechanism and integrating data from the fourth national cultural relics census, laying a solid foundation for the digital protection and management of cultural resources [2] Group 2 - The administration has innovated digital resource service models, supporting various applications such as risk prevention, protection, and resource management through digital and intelligent means [2] - As of now, 7,046 museums across the country have launched over 130,000 online exhibitions and held 47,000 online educational activities, with museum website visits exceeding 2 billion, effectively stimulating innovation within cultural institutions [2]

Group 1 - The "Data Element ×" competition is currently being held nationwide, with 29 local competitions initiated and over 19,000 teams and approximately 100,000 participants involved, showcasing high-value data development projects [1] - The financial industry, being data-intensive and technology-driven, has a natural advantage in data utilization, but the accumulation of data has led to a monopoly effect [1][2] - The People's Bank of China and other departments have issued an action plan to promote high-quality development in digital finance, emphasizing the use of big data and privacy computing to enhance financial services and risk management [1] Group 2 - Banks are actively participating in the "Data Element ×" initiative, with Postal Savings Bank enhancing data resource management and exploring diverse paths for data value release [2] - Everbright Bank has developed a "Corporate Data Asset Valuation Tool" to support data-driven enterprises, establishing a new business cooperation model with a total credit limit exceeding 100 million yuan [2] - There is a growing investment in data value extraction and management by commercial banks, but existing data trading models still face challenges in privacy computing and information sharing [2] Group 3 - The "National Data Infrastructure Construction Guidelines" emphasize the need for data resource utilization and value creation, aiming to build a reliable and efficient data ecosystem [3] - The essence of the financial industry's service to the real economy is to promote the joint development of industrial ecosystems, facilitated by advancements in technology [3] - The integration of digital finance, technology finance, and industrial finance is leading to a new commercial ecosystem that fosters mutual benefits and healthy development across the ecosystem [3]

Core Viewpoint - The "Data Element ×" initiative has made significant progress in marketizing and valuing data elements, enhancing their multiplier effect across various industries [2][3][6]. Group 1: Progress and Impact - The "Data Element ×" three-year action plan aims to strengthen demand-driven scenarios, promote high-quality supply of data elements, and facilitate compliant and efficient circulation of data [2][3]. - There is a growing atmosphere of data utilization, with nearly 500 digital technology companies established by central enterprises and about 66% of industry leaders purchasing data [2][3]. - High-value scenarios are emerging, with applications in transportation and emergency management enhancing efficiency and safety through data integration [3][6]. Group 2: Competition and Innovation - The "Data Element ×" competition serves as an innovative platform to promote data utilization across various sectors, with the 2025 competition recently launched [4][5]. - This year's competition emphasizes market-oriented policies, data governance, and the discovery of innovative applications, with new tracks added to encourage creativity [4][5]. - The evaluation of competition outcomes will focus on data governance, practical effectiveness, and open innovation [5]. Group 3: Sector-Specific Applications - The transportation sector's competition will focus on digital transformation of infrastructure and enhancing logistics data connectivity [7]. - The agriculture sector aims to address key production issues through innovative data applications, with ten specific topics set for the competition [7]. - The emergency management sector will explore data applications in safety regulation and disaster monitoring through three specific topics [7][8]. - The healthcare sector's competition will leverage medical insurance data to improve service levels and promote industry development [8].

Group 1 - The U.S. Court of Appeals has temporarily reinstated the tariff policy from the Trump administration, allowing the government to implement tariffs on multiple countries until further notice [2] - The court's decision comes after the U.S. International Trade Court had previously issued a ruling to prohibit the enforcement of these tariffs [2] Group 2 - Foreign investors are regaining confidence in Chinese assets, with some adjusting their positions to a higher allocation [3] - The recovery in confidence is attributed to the ongoing "value reassessment" of Chinese tech stocks and the expansion of service consumption [3] - Policies aimed at boosting consumption and domestic demand have drawn attention to the consumer sector [3] Group 3 - The Chinese Ministry of Foreign Affairs has condemned the U.S. decision to revoke student visas for Chinese students, claiming it harms their legitimate rights and disrupts cultural exchanges [4][5] - The ministry has expressed a desire for constructive actions to improve Sino-U.S. relations [5] Group 4 - The National Bureau of Statistics of China is working on guidelines for the "data factor ×" application scenarios to enhance economic and social development [6][7] - The initiative aims to leverage the multiplier effect of data elements [6] Group 5 - Domestic airlines in China will reduce fuel surcharges starting June 5, 2025, with specific adjustments based on flight distance [9] - This reduction is expected to stimulate consumer demand as the summer travel season approaches [9] Group 6 - Nezha Auto's debt-to-equity swap plan has failed, with only partial debt relief achieved, leading to significant operational changes including the removal of its logo from its headquarters [12][13] - The company is reportedly relocating to a smaller office due to reduced staff [13] Group 7 - The human-robot industry is seeing potential IPO activity, with Yushutech changing its name to indicate a possible transition to a public company [13] - This name change is viewed as a routine operational adjustment, although it raises speculation about future funding [13] Group 8 - The renewable energy sector is reaching a critical point with significant transformations in operations and trading [14] - The camping economy is gaining attention, with companies actively positioning themselves in this growing market [14] - The film industry has seen a total box office exceeding 1.5 billion yuan in May, with many films set for the summer release [14] Group 9 - A-share market indices showed positive performance, with the Shanghai Composite Index closing at 3363.45 points, up 0.70% [14] - The Hong Kong stock market also experienced gains, particularly in the technology sector, with the Hang Seng Tech Index rising by 2.46% [15] Group 10 - Analysts predict that the A-share market will face some pressure in June but expect a solid bottom, with a positive outlook for Chinese assets [16][17] - There is an anticipated shift in foreign capital allocation towards A-shares, driven by stable economic conditions and low market valuations [17]

Market Overview - The market experienced a significant rebound with all three major indices rising, and the total trading volume exceeding 1.1 trillion yuan, with over 4,400 stocks increasing in value [1] - The Shanghai Composite Index rose by 0.70% to 3,363.45 points, while the Shenzhen Component Index increased by 1.24% to 10,127.20 points, and the ChiNext Index climbed 1.37% to 2,012.55 points [2] Key Drivers - The rebound was influenced by three major positive factors: 1. A U.S. trade court ruling that blocked Trump's global tariffs, leading to an expansion in U.S. stock index futures and a nearly 6% increase in the FTSE China 3x Long ETF [1] 2. Positive earnings from Nvidia, which exceeded expectations, with CEO Jensen Huang noting strong global demand for AI infrastructure, resulting in a 5% increase in the company's stock price post-announcement [1] 3. Foreign institutions have been raising their economic growth forecasts for China in 2025, signaling increased investment value in the A-share market [1] Sector Performance - The technology and financial sectors saw significant gains, with digital currency concepts leading the charge, and several stocks, including Yuyin Co., hitting the daily limit [1] - The EDA concept also performed strongly, with stocks like Gelaun Electronics reaching their daily limit [1] - The automotive supply chain showed robust performance, particularly in the autonomous driving sector, with stocks like Tongda Electric achieving six consecutive daily limits [1] - Conversely, sectors such as beauty care and IP economy experienced pullbacks, with precious metals and shipping sectors showing the largest declines [1] Fund Flow - Major capital inflows were observed in software development, consumer electronics, and automotive parts sectors, with notable net inflows into stocks like Shanzi Gaoke, Zhongchao Holdings, and Sifang Precision [3] Future Outlook - Huachuang Securities predicts that the market may maintain a range-bound oscillation in the short term, with limited upward and downward space [1][8] - The firm suggests a continued focus on financial re-inflation strategies, advocating for a combination of dividend-paying stocks and small-cap growth investments [8] - Dongfang Securities anticipates a continuation of structural market trends characterized by index fluctuations and sector rotations, with consumer stocks remaining active [9]