China's first data asset market was launched with the inauguration of the Shanghai Data Exchange on Friday, which is aimed to further develop the country's data asset trading system and boost its digital economy.
The market will foster five core functions of registration, valuation, trading, disclosure, and disposal.
So far, over 20 financial institutions have established cooperation with the Shanghai Data Exchange.
Back in February, Hou Junming, director of the Asset Management Department of the Ministry of Finance, said that "efforts are needed to strengthen the whole-process management of data assets by standardizing the registration, storage, use, disclosure and disposal procedures, and building a clear and complete management pathway."
He also promised to promote the capitalization of data assets in an orderly way to better leverage their economic and social value.
Shanghai launches China's first data asset market
A group of German advanced manufacturing enterprises visited Chongqing Municipality, an industrial powerhouse in southwest China, from Monday to Tuesday, during which the two sides inked 12 key cooperation projects worth 8.765 billion yuan (about 1.22 billion U.S. dollars) in total.
During the two-day event, the German enterprises conducted extensive surveys and held in-depth talks with companies and institutions across Chongqing to learn about the development of intelligent connected vehicles, new energy vehicles, advanced materials, intelligent equipment manufacturing and other industries in the city.
At an industrial cooperation event on Tuesday, the Chongqing economic and information technology commission released the list of industrial high-quality opportunities and the list of scenario-based opportunities in the city, involving a total of 238 investment promotion projects with a combined value of nearly 630 billion yuan (about 87.38 billion U.S. dollars).
The 12 key cooperation projects between Chongqing and German enterprises were signed in a centralized way at the event.
As of October this year, there had been 94 German enterprises investing in Chongqing, spanning across multiple industries such as manufacturing, construction, trade, and finance. Among them, 25 are manufacturing companies.
Meanwhile, more than 20 Chongqing-based companies and institutions have business operations in Germany, demonstrating the broad prospects and great potential for cooperation between the two sides.
German enterprises ink 12 key cooperation projects with China's Chongqing
