Core Viewpoint - The China Securities Regulatory Commission (CSRC) has implemented three new financial industry standards aimed at advancing the digital transformation of the capital market, effective immediately. Group 1: Data Standards Implementation - The "Data Element Specification for Securities and Futures Industry - Part 4: Securities Exchanges" standardizes data attributes related to securities exchanges, providing guidance for data construction and application in the securities and futures industry, enhancing data processing and storage efficiency, and accelerating digital transformation [1][2] - The "Data Element Specification for Securities and Futures Industry - Part 5: Enterprise Asset Securitization" establishes a comprehensive data element specification for the entire lifecycle of enterprise asset securitization, aiming to strengthen data governance and promote efficient information sharing within the industry [1][2] Group 2: Regulatory Data Collection Standards - The "Regulatory Data Collection Specification for Futures Companies - Part 2: Asset Management Business" defines data elements for asset management business, improving data governance and standardization in the industry, and facilitating the digital and intelligent transformation of regulation [2] - The CSRC plans to continue developing data governance and business service standards to systematically advance the digitalization of the capital market and strengthen the foundation for technology-driven regulation [2]

Core Points - The China Securities Regulatory Commission (CSRC) has released three financial industry standards effective from October 10, aimed at enhancing data governance and digital transformation in the securities and futures sectors [1][2]. Group 1: Securities Exchange Data Standards - The "Data Element Specification for Securities Exchanges" standardizes data attributes related to securities exchange operations, including classification, naming, meaning, data types, and lengths, providing guidance for data construction and application in the securities and futures industry [1]. - Implementation of this standard is expected to improve data processing and storage, enhance data circulation efficiency, and accelerate the digital transformation of the industry while strengthening information disclosure in key areas [1]. Group 2: Asset Securitization Data Standards - The "Data Element Specification for Enterprise Asset Securitization" establishes a comprehensive data element specification for the entire lifecycle of enterprise asset securitization, providing practical and universal standards for the industry [1]. - This standard aims to solidify the foundation of data governance in the industry, promote efficient information sharing, and support the construction of a high-quality, digital capital market [1]. Group 3: Asset Management Data Standards - The "Regulatory Data Collection Specification for Futures Companies: Asset Management" standardizes the business definitions and data types for asset management data within futures companies, enhancing data governance and standardization in the industry [2]. - The implementation of this standard is expected to clarify regulatory data collection standards and promote the digital and intelligent transformation of regulation [2]. Future Directions - The CSRC plans to continue developing data governance and business service standards, advancing the information technology and digital construction of the capital market, and reinforcing the foundation for technology-driven regulation [2].