Core Insights - Zhejiang Province is pioneering the data intellectual property reform in China, having issued 24,000 data intellectual property certificates and generating over 9 billion yuan in direct application value, accounting for approximately 70% of the national total [1][2] - The province has established a "Data Knowledge Exchange" platform to facilitate data circulation and has seen significant engagement from various institutions across the country [3][4] - Innovative financing methods have been developed, allowing companies to leverage data intellectual property for funding, with a total of 93.23 billion yuan in direct transformation achieved [5][6] Group 1: Data Intellectual Property Development - Data intellectual property is defined as the rights enjoyed by data processors over legally obtained and processed data sets, emphasizing the importance of clear ownership [2] - Zhejiang has become a preferred location for data rights protection and innovation, attracting applications from 27 provinces and issuing 24,000 certificates since June 2023 [2][3] - The province's regulations have integrated data intellectual property into local laws, enhancing the legal framework for data rights [2] Group 2: Data Circulation and Market Ecosystem - The "Data Knowledge Exchange" platform connects with 27 trading platforms, facilitating a market ecosystem where businesses can easily transact data [3] - Since its launch, the platform has pushed 7,479 intention messages, resulting in 1,792 applications with a transaction value of 5.35 billion yuan [3] - The first cross-border transaction of data intellectual property was completed, showcasing the potential for international data trade [3] Group 3: Financial Innovations and Data Monetization - Zhejiang has introduced various monetization methods for data intellectual property, including financing, asset incorporation, and cross-border transactions [5][6] - The "Data Intellectual Property Loan" product has provided 84.9 billion yuan in financing to 231 companies, with the largest single loan reaching 200 million yuan [5] - A pioneering data intellectual property securitization project was launched, aiming to raise 100 million yuan through the bundling of data assets [6] Group 4: AI Industry and Data Supply - The AI sector in Zhejiang has seen significant growth, with core industry revenue surpassing 300 billion yuan, driven by the demand for high-quality data [7] - The province has issued guidelines for data intellectual property registration in AI, addressing the need for diverse data types and enhancing the supply of training data for AI models [8] - A notable case involved a company securing 100 million yuan in bank credit through data intellectual property registration, exemplifying the financial benefits of data rights [8]

Core Insights - Zhejiang Province is innovating in data intellectual property rights, focusing on the creative application of "algorithm rules + data sets" to unlock the value of data [1][3] - The province has initiated pilot reforms to protect data rights, promote data circulation, and realize data value, establishing a new pathway for data potential activation [1][3] Group 1: Data Intellectual Property System - Zhejiang has integrated the data intellectual property system into the industrial data value reform pilot, promoting collaboration between data rights and product data standards [3] - Nearly 50 data intellectual property rights have been registered in pilot industries such as smart electrical appliances and sensors, enhancing the bargaining power of small and medium-sized enterprises [3] - The cumulative trade volume in the water and heating valve industry has exceeded 2.5 billion yuan, resulting in a more than 10% increase in gross profit margins for participating companies [3] Group 2: Financial Support and Innovation - Zhejiang has launched 106 intellectual property pledge loan products, with a total balance of 53.3 billion yuan, primarily benefiting small tech enterprises [4] - The "data intellectual property loan" has provided 84.9 million yuan in financing to 231 companies, with the highest single loan reaching 200 million yuan [4] - The province aims to support the growth of innovative small and medium-sized enterprises through the "Dandelion" action in intellectual property finance [4] Group 3: Regulatory Framework and Market Development - Hangzhou has established a data intellectual property trading guide and a specialized court to enhance the compliance and efficiency of data circulation [4][5] - The city aims for its digital economy core industry value to reach 630 billion yuan by 2024, accounting for 28.8% of the city's GDP [5] - Zhejiang has issued 24,000 data intellectual property registration certificates, with direct conversion amounts exceeding 9 billion yuan, representing about 70% of the national total [5] Group 4: Future Directions - The province plans to further enhance the data intellectual property reform advantages, creating a comprehensive ecosystem for data rights that includes registration, valuation, conversion, and protection [5]