Group 1: Economic Strategy and Investment Focus - The core focus for China in the next five years will be on three key sectors: circular economy, AI computing power chips with advanced processes, and new materials such as solid-state batteries and rare earths [3][14][16] - A significant amount of capital will be invested in AI computing, emphasizing the need for breakthroughs in the processing system to achieve independence in the entire semiconductor industry [3][14] - China has a strategic advantage in the supply chain, particularly in rare earths, which are critical for modern industrial systems [16][18] Group 2: Currency and Financial Strategy - The competition between the Renminbi and the US Dollar is inevitable, with a focus on establishing a new financial ecosystem that could potentially allow the Renminbi to capture 20% of the Dollar's market share in five years [5][21][30] - The establishment of a stablecoin based on the Renminbi is seen as crucial for creating a new financial cycle, leveraging China's trade and supply chain strengths [26][29] - The transformation of data into a new economic factor is essential for restructuring China's fiscal foundation and tax base, moving away from reliance on land as a production factor [31][34] Group 3: Circular Economy and Resource Management - China aims to develop a circular economy to reduce dependency on non-renewable resources, particularly oil, by finding technologies that can convert waste back into usable resources [10][12][13] - The focus on circular economy is not just an environmental strategy but also a means to overcome geopolitical vulnerabilities related to resource supply [12][13] Group 4: Market Dynamics and Future Outlook - The upcoming five years will see a systematic approach to understanding and capitalizing on the strategic initiatives outlined in the "15th Five-Year Plan," which will influence market sentiment and investment opportunities [9][36] - The shift towards a digital economy and the capitalizing of data as a new production factor will create significant opportunities in the market [34][36]

Core Viewpoint - The emergence of data asset securitization represents a significant breakthrough in capitalizing on data as an independent asset class, with the first asset-backed securities (ABS) plan achieving a total scale of 500 million yuan [1][5]. Group 1: Data Asset Securitization Overview - Data asset securitization transforms future cash flows from data assets into tradable financial products, representing an innovative approach to traditional asset securitization [2]. - The journey of data asset securitization has been challenging, with no mature cases in domestic or international markets, but the commercial value of data is increasingly recognized by enterprises [3]. Group 2: Challenges in Data Asset Securitization - The main challenges in data asset securitization include difficulties in data rights confirmation, value assessment, and compliance risk management [4]. - Data rights confirmation is complicated due to diverse sources and complex ownership relationships, while value assessment is hindered by inconsistent data quality and a lack of mature evaluation methods [4]. Group 3: Solutions Implemented by Companies - The data asset securitization plan by Xin Xin Commercial Factoring Co., Ltd. has addressed these challenges by collaborating with various institutions for data rights registration and issuing certificates [5]. - For valuation, the company has partnered with accounting and asset evaluation firms to establish multi-dimensional valuation models, ensuring measurable data assets [5]. Group 4: Future Prospects and Policy Support - Data asset securitization is seen as a unique financial innovation with significant promotional value and development potential, with plans to refine and standardize products based on high-value data scenarios [6]. - Policy initiatives, such as the "Three-Year Action Plan for Data Elements," aim to promote the integration of data elements with financial services, indicating strong governmental support for this sector [7][8]. - The data market is projected to grow significantly, with a forecasted market size of 827.78 billion yuan by 2030, driven by policy support and technological advancements [9].