Core Insights - The launch of "Qin Data Insurance" in Shaanxi marks the first data element innovation insurance product in Northwest China, aimed at providing risk protection for data transactions [1][2] - The product is a collaboration between Qin Chuang Yuan Technology Innovation Investment Co., Ltd., China People's Property Insurance Co., Ltd. Xi'an Branch, and Shaanxi Silk Road Data Trading Center [1] - "Qin Data Insurance" addresses concerns of enterprises regarding data trading by offering a risk guarantee, thus transforming data from "sleeping assets" to "circulating resources" [1][2] Summary by Sections Product Overview - "Qin Data Insurance" includes four major insurance types: data asset registration insurance, network data damage liability insurance, comprehensive network security insurance, and data intellectual property insurance [1] - These insurance types are designed to cover core risks such as registration failures, data leaks, network attacks, and intellectual property disputes [1] Risk Management Framework - The product employs a dual-layer protection mechanism consisting of a foundational protection layer and an insurance safety net [2] - The foundational layer relies on the platform rules of Shaanxi Silk Road Data Trading Center and technologies like blockchain and computing networks to create a secure and compliant trading infrastructure [2] - The insurance safety net provides economic compensation and emergency response for incidents like data leaks and ownership disputes [2] Technological Integration - "Qin Data Insurance" represents a deep integration of technology and finance, supported by blockchain for traceability and verification throughout the data transaction process [2] - The initiative is part of a broader effort in Shaanxi to enhance the technology finance service system, which has already launched 89 technology finance products [2] - These products have met the funding needs of over 200 enterprises, resulting in loans totaling 118 million yuan, thereby promoting the development of regional technology enterprises and the digital economy [2]

Group 1 - The event "Technology Finance Empowering Technological Innovation and Industrial Upgrade Exchange Conference" was held in Shaanxi, attracting over 200 participants including government representatives, industry leaders, investment institutions, and research experts [1] - Qin Chuangyuan Technology Innovation Investment Co., Ltd. announced the signing of the first batch of sub-funds for its science and technology mother fund, with a total scale of 3.4 billion yuan [1] - The company selected 7 fund managers from 71 applicants, emphasizing its commitment to investing in early-stage, small-scale technology projects to support rapid growth of innovative enterprises [1] Group 2 - The signing ceremony featured agreements with "Qin Chuangyuan Application Scenario Special Experts" and "Qin Chuangyuan Strategic Investment Industry Advisors," with a reserve of 93 experts from various cutting-edge technology fields [2] - The company launched the "All-Domain Exploration" mechanism to address uneven conversion capabilities among universities and new research institutions, employing a four-step strategy for comprehensive coverage [2] - The four-step strategy includes scanning mechanisms, selection mechanisms, product mechanisms, and activity mechanisms to ensure no opportunities are overlooked [2] Group 3 - To support the new mechanism, the company collaborated with several financial institutions to launch four technology finance products tailored to different stages of development [3] - The products include "Qin Chuang Talent Loan 2.0" for early-stage talent, a dual-track model of "Pilot Loan + Pilot Insurance" for pilot stages, "Investment-Loan-Insurance" comprehensive services for growth stages, and "Qin Data Insurance" for data transaction insurance [3] - Currently, the company has launched 89 financial products, covering 62 technology loans, 16 technology insurance, and 11 technology guarantees, achieving full lifecycle coverage for innovative enterprises [3]

Group 1 - The core focus of the news is on the establishment and operation of the Shaanxi Science and Technology Innovation Mother Fund, which aims to support technology-driven enterprises through long-term capital investment [2][3][4] - The fund was registered on June 30, 2023, with an initial scale of 10 billion yuan, targeting strategic emerging industries and future industries [2] - The fund adopts a long-term investment approach, moving away from short-term assessments, with a three-year evaluation mechanism to focus on the long-term growth value of projects [3] Group 2 - The Shaanxi Science and Technology Innovation Mother Fund has a contribution ratio that can exceed 50% of the total scale of sub-funds, with seed and angel funds allowed up to 60%, which is significantly higher than the industry average [4][5] - The fund has a 20-year duration, with sub-funds having differentiated timelines based on type, catering to the long-term growth needs of early-stage technology projects [5] - As of October 30, 2023, the fund has completed the selection of seven sub-fund management institutions and will begin investment operations [5] Group 3 - The Qin Chuang Yuan Investment Company has launched the first data element innovation insurance product in Northwest China, "Qin Shu Bao," to mitigate risks associated with data transactions [6] - The company has introduced 89 low-cost, specialized financial products aimed at technology-driven enterprises, responding to the funding needs of over 200 companies [6] - The company has established several wholly-owned subsidiaries to enhance its technology finance service capabilities, including a provincial-level management entity for the mother fund [7] Group 4 - The Qin Chuang Yuan Investment Company has formed innovation joint bodies with major industry players to enhance investment efficiency and address market needs [8][9] - The company has successfully incubated projects in smart manufacturing and intelligent driving, demonstrating its capability in technology innovation and commercialization [9][10] - The establishment of various innovation centers and joint bodies focuses on advanced manufacturing and clean energy equipment, with several projects already receiving commercial orders [10]