据悉，试点工作主要包括四方面任务。一是夯实基础能力，提升数据治理水平。二是推动数据有序共 享，优化要素资源配置。三是强化数据融合应用，提升金融服务质效。四是筑牢安全管理防线，提高金 融抗风险能力。 试点工作以习近平新时代中国特色社会主义思想为指导，完整、准确、全面贯彻新发展理念，在安全合 规前提下，充分发挥金融领域海量数据（603138）和多元应用场景优势，稳步推进跨业态、跨层级数据 优化协同、复用增效和融合创新，不断优化金融服务、丰富金融产品、强化风险防控，助力做好金 融"五篇大文章"。 《金融时报》记者了解到，为推动落实《"数据要素×"三年行动计划(2024—2026年)》，近日中国人民 银行、国家发展改革委、国家数据局等3部门联合组织开展了金融领域"数据要素×"试点，充分发挥数据 要素乘数效应，赋能金融提质降本增效。 ...

Group 1 - Global financial markets are in a rare "triple risk" waiting mode, with investors closely monitoring the outcomes of the US-China trade talks, the US May CPI data, and the US Treasury auctions [1][2] - The performance of the upcoming US Treasury auctions is critical, especially after the previous 20-year Treasury auction faced a "failed bid," leading to heightened sensitivity regarding long-term Treasury demand [2] - The 10-year Treasury yield is a key anchor rate for global financial assets, and a poor auction performance could push the yield above the critical threshold of 4.5%, potentially triggering a systemic sell-off in risk assets [2] Group 2 - The market expects the CPI data to rebound, and any significant increase could prompt investors to reassess the Federal Reserve's interest rate cut timeline, making CPI a crucial indicator for global markets [1] - The upcoming Treasury auction results will not only impact the bond market but also serve as a barometer for global financial stability, especially in the context of concurrent US-China trade negotiations and CPI data releases [2] - Various asset classes are exhibiting signs of unease, with the A-share market showing strong caution, increased volatility in US stock futures, and a renewed appeal for gold as a safe-haven asset [2]

Core Viewpoint - The National Anti-Monopoly Bureau of China has released the "2024 Annual Report on Anti-Monopoly Law Enforcement," highlighting efforts to promote fair competition and address monopolistic practices across various sectors [1] Summary by Relevant Sections Annual Work Overview - In 2024, the bureau completed 11 cases related to monopoly agreements and abuse of market dominance, and concluded 643 cases of business concentration [1] - The bureau imposed administrative penalties on one case of refusal to cooperate with investigations and initiated 72 cases against abuse of administrative power to eliminate competition [1] Regulatory Enforcement Effectiveness - Focused on key sectors such as pharmaceuticals, water supply, gas supply, financial data, and internet platforms, the bureau conducted special enforcement actions in the livelihood sector [3] - Five cases of abuse of market dominance were investigated, resulting in fines totaling 106.9 million yuan [3] Fair Competition Policy Implementation - The bureau emphasized the importance of maintaining a high-pressure regulatory environment in the pharmaceutical sector, leading to significant price reductions of 62%, 58%, and 43% for involved drugs [3][4] - In the public utility sector, four cases of abuse of market dominance were addressed to protect consumer rights and ensure fair competition [4] International Cooperation - The bureau deepened international cooperation in anti-monopoly efforts, signing memorandums with four countries, including Italy [1] Platform Economy Regulation - Continuous oversight of major platform companies like Alibaba and Meituan was conducted to ensure compliance and rectify monopolistic practices [5] - The bureau introduced guidelines for standard-essential patents to enhance regulatory effectiveness in intellectual property [5]

Core Insights - The annual report from the State Administration for Market Regulation (SAMR) highlights significant achievements in China's antitrust enforcement, including the resolution of 11 cases of monopoly agreements and abuse of market dominance, and the conclusion of 643 cases of operator concentration [1][2] Group 1: Antitrust Enforcement Achievements - In 2024, SAMR completed 11 cases related to monopoly agreements and abuse of market dominance, imposing administrative penalties totaling 119 million yuan for obstructing investigations [2] - The quality of operator concentration regulation improved, with 643 cases concluded, of which 623 were approved unconditionally [2] - There was a notable increase in efforts to address local protectionism and market segmentation, with 72 cases of abuse of administrative power to eliminate or restrict competition being investigated [2] Group 2: Sector-Specific Antitrust Actions - In the public utility sector, four cases of abuse of market dominance were addressed, while five cases in the livelihood sector resulted in penalties totaling 106.9 million yuan [3][4] - The pharmaceutical sector saw the initiation of three significant investigations, leading to price reductions of 62%, 58%, and 43% for involved drugs [4] - The financial data sector experienced its first antitrust case, breaking data monopolies and enhancing market competition [4] Group 3: International Cooperation and Policy Development - China is actively engaging in international antitrust cooperation, signing memorandums of understanding with competition authorities from Italy, Pakistan, Australia, and Mongolia [6][7] - A significant portion of free trade agreements (82.6%) signed with China includes competition chapters, enhancing the role of fair competition rules [7] - The SAMR plans to strengthen the legal framework for fair competition and improve regulatory efficiency to support economic recovery [7]