Core Insights - The establishment of provincial data groups across China has gained momentum since 2017, with at least 27 provinces and autonomous regions currently having set up their own data groups, with registered capital reaching up to 10 billion yuan [1][2] - The national data group alliance is set to be officially launched in October 2024, aiming to enhance data resource integration and sharing across various sectors [1] Grouping by Functionality - Provincial data groups can be categorized into three main types: 1. Public data operation institutions, which focus on compliance and the authorized operation of public data [2] 2. Government information technology groups, which primarily build digital government platforms and emphasize technical development and security [2][7] 3. Multi-role groups, which integrate various functions such as data resource consolidation, trading platform establishment, and rule formulation for data transactions [2][9] Public Data Operation Institutions - The number of public data operation institutions is limited, with most established in the last two years, primarily by state-owned enterprises, and 75% having registered capital between 1 billion to 5 billion yuan [6] - An example is the Sichuan Data Group, which was formed with a registered capital of 2 billion yuan and focuses on public data governance and operational services [6] Government Information Technology Groups - These groups are mainly responsible for building digital government platforms, with most established between 2018 and 2019, and a noticeable decline in new establishments in recent years [7] - The Guangxi Digital Government Group has achieved 100% coverage of its electronic government network across various administrative levels [9] Multi-role Groups - Multi-role provincial data groups represent the largest share and have significant registered capital, with over half having between 100 million to 1 billion yuan [9] - The Fujian Data Group, established in August 2021, has a registered capital of 10 billion yuan and serves as a primary developer of public data resources in the province [9] Data Asset Financing - Three regions have successfully implemented data asset financing, with Guangxi and Fujian completing financing of 10 million yuan each, and Henan securing 8 million yuan [11] - The Fujian Data Group's subsidiary secured a 10 million yuan credit approval through data asset financing [11] Recent Developments in Hubei - The Hubei Big Data Group was established in June 2025 with a registered capital of 5 billion yuan, aiming for significant revenue and investment growth by 2030 [12] - Hubei has also prioritized data infrastructure development, establishing multiple platforms to facilitate data flow and implementing policies to promote data circulation [13]