Policy announcement
The highest data management department - the National Data Bureau was established
Recently, the National Data Administration was established in accordance with the State Council’s proposal to review the State Council’s institutional reform plan. Responsible for coordinating and promoting the construction of data infrastructure systems, coordinating the integration, sharing and development and utilization of data resources, coordinating the promotion of digital China, digital economy, digital society planning and construction, etc., and is managed by the National Development and Reform Commission. Data elements may replace or make up for the status of land elements and become an important part of fiscal revenue. According to people familiar with the matter, the newly established National Data Agency will also formulate corporate data collection and sharing rules, which may prohibit companies from collecting certain types of consumer data, or review the data that domestic companies plan to share with foreign business partners to check whether Potential national security vulnerabilities.
The State Council established the State Financial Supervision and Administration Bureau
According to a report by Xinhua News Agency on March 7, the State Financial Supervision and Administration Bureau was established in accordance with the State Council’s proposal to review the State Council’s institutional reform plan. Be unified in charge of the supervision of the financial industry except the securities industry, strengthen institutional supervision, behavioral supervision, functional supervision, penetrating supervision, and continuous supervision, coordinate the protection of the rights and interests of financial consumers, strengthen risk management and prevention and disposal, and investigate and deal with violations of laws and regulations in accordance with the law. , as an agency directly under the State Council.
The State Financial Supervision and Administration Bureau was established on the basis of the China Banking and Insurance Regulatory Commission. It divided the People's Bank of China's daily supervision responsibilities over financial holding companies and other financial groups, related financial consumer protection responsibilities, and the China Securities Regulatory Commission's investor protection responsibilities. Joined the State Financial Supervision and Administration Bureau. The China Banking and Insurance Regulatory Commission will no longer be retained.
Yunnan Province Digital Government Construction Overall Plan
Recently, Yunnan Province formulated the "Yunnan Province Digital Government Construction Overall Plan." The plan mentions: Increase the protection of data involving state secrets, work secrets, business secrets, personal privacy and personal information, improve the corresponding accountability mechanism, and strengthen the security management of important data exports in accordance with the law. Strengthen the security protection of critical information infrastructure and network security level protection, strictly implement the relevant systems for network security, confidentiality monitoring and early warning, and password application security assessment, conduct regular network security, confidentiality, and password application inspections, and improve the protection of critical information infrastructure in the digital government field level.
Industry News
Shanghai Data Exchange takes the lead in launching the construction of data trading chain
According to a report by China Central Broadcasting Network, the National Engineering Laboratory of Big Data Circulation and Trading Technology and the Shanghai Data Exchange officially launched the construction of China’s first data trading chain. At present, the Shanghai Data Exchange data trading system has established six major business links: registration, listing, trading, delivery, clearing and settlement, and voucher issuance. By establishing a data transaction chain and using technologies such as blockchain certificate storage and smart contracts, these business links are More secure, efficient and transparent.
Before the transaction, the registration and listing of the data product is achieved by setting the basic information, price and transaction method of the data product in the smart contract. During the transaction, by storing each transaction order, delivery information and settlement information on the chain, both parties to the transaction can monitor the progress of the transaction process in real time to ensure the credibility and accuracy of the transaction. After the transaction, transaction vouchers are generated through the blockchain. Each voucher will be assigned a unique digital identification, which is associated with the on-chain data of the entire transaction process, supporting the confirmation of the rights of the transaction products, transaction supervision, and dispute resolution.
Jiangsu Kunshan High-tech Zone established the first phase of the Industrial Yuanshi Industrial Fund with a scale of 1 billion yuan
According to news released by Kunshan, the People's Government of Kunshan City, Jiangsu Province and Microsoft (China) Co., Ltd. recently signed a strategic cooperation agreement. Microsoft China's first Industrial Metaverse Application Center project will be located in Kunshan High-tech Zone. Microsoft has joined hands with three global industry solution partners: Honeywell, Schneider Electric, and KPMG, and the first ten Kunshan advanced manufacturing companies such as Kone Elevator, Voith, Foxconn, and Zepu Medical to build a new and forward-looking “1+3+10+N” industrial metaverse application scenario ecosystem.
In addition, the Kunshan High-tech Zone Industrial Yuanshi Industrial Fund with an initial scale of 1 billion yuan was established. The three major "financial streams" of industrial capital, state-owned capital, and social capital have been integrated and converged, creating a highland for Yuanshi industry agglomeration, technological innovation, and Industry application demonstration areas and policy pilot areas provide strong financial support.
Hainan may explore international data center pilot
With the continuous advancement of the "Belt and Road" initiative and the signing of international trade agreements such as RCEP (Regional Comprehensive Economic Partnership) and DEPA (Digital Economic Partnership Agreement), my country's international data exchange window is gradually opening up. This year’s National Two Sessions, Xie Jing, a member of the National Committee of the Chinese People’s Political Consultative Conference, Vice Governor of Hainan Province, Chairman of the Hainan Provincial Committee of the Peasants and Workers’ Party, and Director of the Provincial Department of Science and Technology, submitted a proposal to the conference, suggesting that Hainan should be supported in exploring an international data center pilot. The proposal recommends supporting Hainan to explore the pilot of an international data center, explore the establishment of an international data trading center, and build an international trading platform for digital products.
Voice of opinion
Zhang Ying: Unleashing the potential of data elements to better empower high-level opening up
Zhang Ying, member of the National Committee of the Chinese People's Political Consultative Conference, deputy director of the Shanghai Municipal Economic and Information Technology Commission, and deputy director of the Shanghai Municipal Committee of the Peasants and Workers' Party, suggested: First, benchmark digital economy rules such as DEPA, and take the lead in carrying out comprehensive integration and regulation of rules in areas such as the Shanghai New Free Trade Zone. Stress test and establish a data international cooperation pilot zone with high-standard rule integration. Actively participate in the formulation of international rules and digital technology standards for data flow, data security, certification assessment, digital currency, etc. The second is to improve the data flow mechanism and rules driven by scenarios, focusing on scenarios in key areas of economic digital transformation such as global economic and trade cooperation, high-end industry opening, and international innovation collaboration, and improve operational guidelines to better serve the construction of Chinese-style modernization and resilient supply chain systems. The third is to create key infrastructure for international data cooperation, enhance international connection capabilities and computing power collaboration, strengthen the application of blockchain, privacy computing and other technologies, and explore new mechanisms and models such as "data can be used without leaving the country".
Zhang Qi: Accelerate the construction of a national data exchange and form a digital asset market
Zhang Qi, a member of the National Committee of the Chinese People's Political Consultative Conference and chairman of Shanghai Information Investment Co., Ltd., believes that one of the most important functions of the National Data Exchange is to build a data asset market to provide a basis for compliance, standardization, and value-added services of data assets. To build a unified national data asset market, it is necessary to clarify that the registration and confirmation of data assets and the management of data asset certificates are the legal functions of the national data exchange, explore new models for adding data assets to the table, and expand data asset pricing and equity participation, mortgage financing, asset securitization, etc. Broad asset applications.
Zhang Qi suggested that the development and reform departments should issue guidance, pool resources, and focus on supporting the construction of a national data exchange. Support Shanghai, Beijing, Shenzhen and other regions with mature conditions to build national data exchanges, and improve laws, standards, policies and financial toolkits in accordance with the development stages of "establishing legal identity" and "implementing legal functions". Support the National Data Exchange to accelerate the construction of data asset market infrastructure that serves the country, carry out national unified data asset registration, data asset certificate management and other services, effectively link local and industry data trading centers, and create a functional hub for a national unified data element market. Rely on the National Data Exchange to build a national engineering research center for data element circulation and strengthen research on theoretical issues and technical specifications related to data assets.
Shao Zhiqing: Build a multi-level data element market and accelerate the construction of a national digital trust platform
Shao Zhiqing, a member of the National Committee of the Chinese People's Political Consultative Conference and full-time deputy chairman of the Zhi Gong Party Shanghai Municipal Committee, suggested that the most important thing is to formulate guidance on accelerating the cultivation of a national unified data factor market system. Establish a multi-level data element market construction working mechanism with clear division of labor and coordinated promotion to avoid duplication of construction by various departments and localities. Clarify the overall structure and specific goals of the multi-level data element market, accelerate the construction of a national data exchange, orderly promote the construction of local data trading centers, actively promote the construction of industry data trading centers, and guide the coordinated development of multi-level data trading markets. Improve the functions of the unified data element market, establish a data element circulation and transaction system and standard system, strengthen the infrastructure construction of the data element trading market, and strengthen organizational guarantees.
Lei Jun: The data security certification system for connected vehicles is still imperfect and classification and grading rules should be established
Lei Jun, deputy to the National People's Congress and chairman and CEO of Xiaomi Group, suggested that the development of data security standards for the entire life cycle of automobiles should be accelerated to guide industry development. In Lei Jun’s view, existing standards cannot yet cover the full range of research, production, supply and marketing. He said that the competent authorities should take the lead in formulating data security management specifications and standards covering the entire life cycle of automobiles, define automobile data classification and classification rules, and formulate standards and regulations in the fields of automobile data security development, testing, risk assessment and data cross-border, and should also encourage Enterprises explore and summarize the practical experience of data management in specific regions and specific scenarios, and promote its application in the industry.
Yao Qian, Director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission: Focus on developing the synthetic data industry based on AIGC technology and building a supervision system for large model training data
Jinshi Data reported on March 7 that Yao Qian, director of the Science and Technology Supervision Bureau of the China Securities Regulatory Commission, wrote in "China Finance" that it was recommended to focus on the development of the synthetic data industry based on AIGC technology. "Incremental expansion" of the data element market with higher efficiency, lower costs, and higher quality will help create data advantages for the future development of artificial intelligence. In terms of strengthening the high-quality supply of data elements, we should coordinate self-reliance and openness to the outside world. Consider establishing filtered domestic mirror sites for specific data sources such as Wikipedia and Reddit for use by domestic data processors. Relevant national departments should unify and standardize the processing and use standards of large model training data; establish a data custody mechanism to constrain data custodians, and require data custodians to monitor data sources, processing results, and usage destinations in accordance with the regulations of regulatory agencies. , so that the input and output results of the model meet regulatory requirements.
Report: The global smart contract market size is expected to grow to US$9.85 billion by 2030
According to PR Newswire, according to research by Zion Market Research, the global smart contract market size will be approximately US$1.75 billion in 2022 and is expected to grow to approximately US$9.85 billion by 2030, with a CAGR of approximately 24%.