Financial Intelligence APP learned that on October 9th, the General Office of the CPC Central Committee and the General Office of the State Council issued opinions on accelerating the development and utilization of public data resources, positioning public data as a critically important strategic national resource. It mentioned strengthening data service capabilities, enhancing data infrastructure construction, promoting a shift in data utilization towards a focus on sharing, aggregation, and application service capabilities. It also advances the integration and application of diverse data, enriching data products and services. With the deepening market-oriented reform in the allocation of data elements, the data industry is expected to further develop. Related symbols: GDS Holdings-SW (09698), Vobile Group (03738), China United Network Communications (00762).

The opinions mentioned the research and formulation of standards and specifications for data infrastructure, promoting facility interconnection, capability interoperability, and constructing a collaborative and efficient national public data service capacity system. It encourages regions with conditions to explore on-site transaction modes for public data products and services, coordinate the planning and layout of data transaction venues, and guide and regulate the healthy development of data transaction venues.

The document also outlines that the main goals of the development and utilization of public data resources are by 2025: the initial establishment of the system rules for the development and utilization of public data resources, a significant increase in resource supply scale and quality, continuous enrichment of data products and services, evident achievements in the development and utilization of public data resources in key industries and regions, cultivation of a group of data element-based enterprises, and the preliminary manifestation of the role of public data resource elements.

Furthermore, by 2030, the system rules for the development and utilization of public data resources will be more mature, the resource development and utilization system will be comprehensively established, data circulation and use will be compliant and efficient, and the role of public data in empowering the real economy, expanding consumer demand, expanding investment space, and enhancing governance capabilities will be fully leveraged.

China's data industry is showing a rapid growth trend, with an expected annual average growth rate of over 20% in the coming years. According to the 'Digital China Development Report,' by 2023, the national data production total will reach 32.85ZB, a 22.4% year-on-year growth. Off-exchange data trading is dominant, while on-exchange data trading volume is rapidly increasing. Taking the Shanghai Data Exchange as an example, the on-exchange trading volume in 2023 increased significantly from 0.1 billion yuan in 2022 to over 1.1 billion yuan, with the volume in the first 5 months of 2024 already matching the full year of 2023, and an estimated 3-4 times year-on-year growth for the full year of 2024.

The National Bureau of Statistics stated that this year, it will successively introduce 8 institutional documents covering data property rights, data circulation, revenue distribution, security governance, public data development and utilization, corporate data development and utilization, guidance on the construction of data infrastructure, and high-quality development of the digital economy, increasing policy supply.

According to relevant data from the National Industrial Security Development Research Center, in 2021, China's CNI data factor index market size reached 81.5 billion yuan. It is estimated that during the "14th Five-Year Plan" period, the market size compound growth rate will exceed 25%, and by 2025, its market size is expected to approach 200 billion yuan.

Changjiang Securities stated that the National Bureau of Statistics is expected to release relevant policies in the near future. The institution believes that with the gradual improvement of top-level design, there may be substantive progress in policies related to data factors, and data factors are expected to enter a period of rapid development. It is recommended to pay attention to manufacturers with data resources or data product development capabilities and have fully explored business models for data factor transactions.

China Securities Co., Ltd. released a research report stating that the CNI data factor index is making multi-directional efforts and will gather strength to break through. Substantial progress has been made in data resource utilization and data assets. In the first half of 2024, 52 listed companies have initiated data asset listing work amounting to a total of 1.389 billion yuan, a 1248% increase compared to the first quarter. In the second half of 2024, the CNI data factor index is expected to enter a phase of intensive policy implementation, accelerating to a new development period with clear rules, system establishment, realization paths, and application scenarios.

Related concept stocks:

GDS Holdings (09698): As the largest third-party data center operator in China, GDS Holdings has always adhered to the development strategy of "domestic + international" dual-drive. During the reporting period, the company's domestic business steadily advanced, and it also received two large-scale orders. The newly-built data center in Langfang has been put into operation, and the Phase II of the project has started construction. With a net floor area of 6,328 square meters, it has been 100% booked.

Vobile Group (03738): While mastering core patented technologies such as genetic digital fingerprints and watermarks for film and television, Vobile actively explores the application opportunities of digital content rights protection and transactions in the context of Web3.0 and AI development trends. With the rapid development of China's digital cultural industry, the demand for rights protection, circulation, and trading of digital assets has become more vigorous. Combined with Particle Technology's extensive application in media asset management technology products in Vobile's business, Vobile will maintain a leading position in the Web3.0 & AI development wave.

China United Network Communications (00762): During the 2023 China Computing Power Conference, China Unicom unveiled the Ningxia Computing Power Ecological Joint Innovation Center, which is dedicated to helping Ningxia build a national computing power technology innovation base and promote the construction of a nationally integrated big data center collaborative innovation system. China Unicom Ningxia Branch and Baidu, Huawei, ZTE, and other 50 partners signed the "Eastern Data, Western Computing" strategic cooperation agreement.