Group 1 - The China Securities Regulatory Commission (CSRC) is implementing the "Data Element ×" action plan to integrate data elements into the capital market, guided by the "Three-Year Action Plan (2024-2026)" [1] - A pilot program for "Data Element × Capital Market" has been initiated, with 11 pilot projects selected from 8 provinces and cities, focusing on beneficial explorations in securities, futures, and regional equity markets [1] - The CSRC has highlighted three successful case studies in the securities and futures industry that showcase innovative data applications, including risk control in futures markets and blockchain-based risk data sharing [2] Group 2 - The CSRC is actively promoting the development and utilization of public data, with several exemplary cases recommended for public data application, including initiatives to connect enterprises with capital markets [3] - A clear plan for high-quality data set construction in the securities and futures industry has been established, setting development goals for the next three years [3]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) is focusing on the integration and innovative application of data elements in the capital market as part of its broader strategy to enhance digital finance and related sectors [1][2]. Group 1: Data Elements in Capital Market - The CSRC has initiated a special pilot program for "data elements × capital market" across eight provinces and cities, selecting 11 pilot projects that will be announced at the 2024 Financial Street Forum [1]. - The pilot projects involve key institutions in the capital market, operational entities, and information technology service providers, exploring beneficial applications in the securities market, futures market, and regional equity markets [1]. Group 2: Case Studies in Securities and Futures Industry - The CSRC has collected typical case studies showcasing the powerful role of data in risk control within the futures market, blockchain technology for risk data sharing, and multi-dimensional data applications to support high-quality development in the capital market [2]. - These selected cases serve as benchmarks, demonstrating new models and scenarios in data application, effectively driving high-quality supply and efficient circulation of data within the industry [2]. Group 3: Public Data Utilization and High-Quality Data Set Development - The CSRC is actively promoting the development and utilization of public data, with the Shanghai Stock Exchange's "Star Enterprise Navigation" project being recognized as a public data application demonstration scenario [2]. - The CSRC has outlined goals for high-quality data set construction in the securities and futures industry over the next three years, establishing a clear direction for the high-quality development of industry data resources [2].