尽管2022年"数据二十条"确立了数据产权"三权分置"基础制度，2023年财政部相关会计规定也为数 据资源入表提供了依据，但执行层面的难题依然不少。首先，是"押什么"的问题。数据资产和数据知识 产权是全新的押品类型，不在银行传统的"缓释品种"名录中。为此，南京银行修订内部制度，将这两类 资产正式纳入可接受的押品范围。其次，是"怎么估"的问题。南京银行结合多年知识产权融资经验，联 合数交所等第三方专业机构，融合市场法、未来收益法和专家决策法，对数据资产和数据知识产权进行 组合估值。在解决了这两个问题后，南京银行针对这一创新产品修改了风控系统，确保业务快速落地。 近年来，雨花台区持续构建多方协同的"公共服务生态"，推动企业数据治理与产品化、数据知识产 权登记（获法律确权）、数据资源入表（优化财务报表）、借力知识产权质押通道完成银行融资。作为 国家知识产权强县建设试点县，雨花台区设立知识产权创新与保护中心，免费为企业提供全流程辅导， 避免企业"找不对门、花冤枉钱"。该区还出台政策给予实质性支持，对知识产权质押融资提供补贴，降 低企业试错成本。截至11月底，已经对超40家企业发放补贴150余万元。目前，该区已指导近5 ...

Core Insights - The first "data intellectual property + data asset" dual pledge financing has been successfully implemented in Nanjing, marking a significant innovation in the financialization of data assets [1][3] - The "Shuzhi Loan" product, launched by Nanjing Bank, allows technology-based SMEs to convert their data assets into low-cost credit funding, providing a new financing pathway for innovative enterprises [3][6] Group 1 - Nanjing Bank has completed the first full-process data intellectual property and data asset pledge financing for Kaos Data Technology Co., Ltd., indicating that data assets can serve as collateral for financing [1][4] - The financing involved a total credit issuance of 10 million RMB, supported by a comprehensive evaluation of data rights ownership, value, and compliance conducted by Nanjing Bank in collaboration with relevant institutions [3][4] Group 2 - Nanjing Bank has been actively innovating its financial services for technology enterprises, having served nearly 88,000 tech companies and provided over 860 billion RMB in funding as of November [6] - The bank has also launched various innovative financial products, including the "R&D Pipeline Loan" and a talent financing fund, to address the funding needs of biotech companies and tech talent [6]

Core Insights - The first "data intellectual property + data asset" dual pledge financing in Jiangsu has been successfully implemented in Nanjing's Yuhuatai District [1] - Nanjing Kaos Data Technology Co., Ltd. has been approved for the full process of data intellectual property and data asset pledge financing, securing a loan of 10 million yuan [1] - This financing model provides a new channel for technology and data-driven enterprises [1] Financing Model - The dual pledge financing combines data intellectual property and data assets, representing an innovative approach in the financing landscape [1] - The successful loan approval indicates a growing recognition of data as a valuable asset in the financial sector [1] Implications for Technology Sector - This financing model is particularly beneficial for technology-oriented and data-centric companies, enhancing their access to capital [1] - The development may encourage more companies in the sector to explore similar financing options, potentially leading to increased investment in data-driven innovations [1]

Core Insights - Jinan Financial Technology Group's subsidiary, Jinan Financial Digital Technology Co., Ltd. (referred to as "Financial Digital Technology"), successfully obtained a loan credit of 2 million yuan from Qilu Bank, marking a breakthrough in data asset pledge financing based on "public data authorized operation" [1] - The company has utilized advanced technologies such as big data, blockchain, and artificial intelligence to analyze and mine public data in Jinan, creating standardized data products with market application value [1] - This successful loan acquisition opens new financing channels for technology-oriented state-owned enterprises with light assets and heavy data, effectively revitalizing public data resources and setting a benchmark for the market-oriented allocation of public data value in state-owned enterprises [1] Future Directions - Financial Digital Technology aims to continuously release the innovative vitality of state-owned enterprises by exploring the pathways for data "resourceization, assetization, and capitalization," contributing to the construction of a national-level digital economy hub in Jinan [2]

Core Insights - The Guangdong Transportation Group's subsidiary, Guangdong United Electronic Service Co., successfully completed the first "data asset pledge + digital RMB loan" transaction in the national expressway industry, securing nearly 20 million yuan in loans and 1 million yuan in digital RMB [1][2] Group 1: Data Asset Financing - The company obtained a total of nearly 20 million yuan in pledge loan limits by collaborating with China Construction Bank and Ping An Bank, using data intellectual property certificates and data product registration certificates as collateral [1] - The successful financing of data assets is a crucial step in unlocking the value chain of data elements, creating an effective path for monetizing corporate data assets [1] Group 2: Innovation in Data Resource Management - The company is actively exploring the value extraction of data resources, leveraging over 250 million daily data points from the Guangdong expressway network to build a comprehensive data resource research and management system [2] - The financing model emphasizes the market value and future returns of data assets, transforming them into direct and quantifiable corporate financing capabilities [2] Group 3: Digital RMB Utilization - The innovative use of digital RMB for loan disbursement eliminates traditional bank clearing processes, reducing transaction costs and enhancing efficiency [2]

Core Insights - The value of data as an economic factor is increasingly recognized, with the number of data enterprises in China expected to exceed 400,000 and the data industry scale projected to reach 5.86 trillion yuan by 2024, marking a 117% increase from the end of the 13th Five-Year Plan [2] - Policy breakthroughs, such as the implementation of accounting regulations for enterprise data resources, have transformed data from an intangible asset to a measurable asset, facilitating innovative financing practices [2] - The emergence of various "first cases" of data asset pledge financing provides new pathways for small and medium-sized enterprises to address financing challenges [2] Industry Developments - The first data asset pledge financing in the artificial intelligence sector in Zhejiang Province was provided to Lianxin Technology, amounting to 10 million yuan, showcasing the innovative financing solutions for light-asset technology companies [3][4] - Hengfeng Bank issued a 10 million yuan data asset financing to Jining Public Transport Group, marking the first million-level data asset pledge financing in Jining, utilizing key operational data for the pledge [4] Challenges in Data Asset Financing - Despite the increasing number of cases, data asset pledge financing remains in a "small-scale trial" phase, with a total financing scale of 1.39 billion yuan expected by the end of 2024, indicating limited participation from various industries [6] - The lack of a unified national framework for data asset rights recognition poses significant challenges, leading to increased financing costs and risk management difficulties for financial institutions [6][7] - The complexity of valuing data assets, which are non-physical and easily replicable, complicates the assessment process, as traditional valuation methods may not be applicable [7][8] Risk Management Strategies - Banks are advised to implement dynamic risk management strategies throughout the data asset pledge loan process, including pre-loan assessments, pledge registration, and post-loan monitoring to mitigate risks associated with data asset financing [8][9] - The establishment of industry standards for data asset valuation is seen as a foundational step to address the challenges in this emerging financing area, with initiatives underway to create guidelines and tools for accurate valuation [9]