Core Insights - Jiangsu Asset Management Co., Ltd. has successfully launched the first data asset financing lease business in Wuxi and the first 100% data asset pledge debt ABS in the country, showcasing its innovative breakthroughs in the data asset financing sector [1][2] Group 1: Data Asset Financing Innovations - The company has established a "party member assault team" to tackle the challenges of data asset valuation, addressing issues such as the difficulty in defining and valuing data as a financial asset [1] - The first data asset financing lease business was successfully launched in July 2025, providing low-cost financing support and opening new pathways for data element pledge financing, earning the "2025 Excellence in Business Innovation Award" in the leasing industry [2] - The financing lease model has expanded from Wuxi to multiple locations in Jiangsu province, enhancing the integration of digital economy and real economy [2] Group 2: Collaborative Efforts and Ecosystem Building - Jiangsu Asset has partnered with Jiangsu Credit Re-guarantee Group to develop a collaborative model based on industrial chain party building, issuing the first 100% data asset pledge debt ABS in September 2025, which achieved a new low in issuance rates for data asset securitization [2] - Ongoing collaboration between Jiangsu Asset and Jiangsu Credit Re-guarantee Group has led to multiple research projects and practical cooperation, establishing a normalized cooperation model that supports data asset valuation and securitization [3] - The financial collaboration model based on industrial chain party building is enhancing the synergy effects, providing robust financial support for regional industrial development [3]

Group 1 - The first data asset financing lease project in Zhejiang Province has been successfully launched in Hangzhou, marking a significant step in the market-oriented allocation of data factors [1] - The project is a collaboration between Hangzhou Financial Investment Group's Jin Investment Leasing and Hangzhou Data Exchange, showcasing the city's emerging digital financial ecosystem that integrates industrial investment, data empowerment, and financial services [1][2] - The digital financial industry center in Hangzhou has achieved approximately 80% occupancy and nearly 70% industry concentration, indicating a vibrant ecosystem focused on artificial intelligence and digital finance [2] Group 2 - The collaboration among various entities, including data operators and financial service providers, is creating significant synergies, enabling seamless service integration for data asset financing projects [2][3] - The financial ecosystem is supported by a comprehensive approach, including a merger fund with a total scale of 69.1 billion and a "loan, investment, guarantee" model to support technological innovation throughout its lifecycle [2] - The innovative environment in the digital financial industry center promotes collaboration among companies, enhancing the region's competitive edge in industrial innovation [3]