Beijing Presses the Acceleration Key of Digital Economy Development to Support Data Shareholding and Data Asset Securitization

In recent years, the digital economy has gradually become a new engine for global economic development, and the development of the digital economy has become a strategic choice to seize the new opportunities of the new round of technological revolution and industrial transformation. Following the release of "Beijing's Implementation Plan on Accelerating the Construction of a Global Digital Economy Benchmarking City" in August last year, Beijing once again pressed the "accelerator key" for the development of the digital economy.

On May 7, the "Beijing Digital Economy Promotion Regulations (Draft for Comment)" (hereinafter referred to as the "Regulations") publicly solicited opinions, and Beijing's effective policy measures were upgraded to a legal system; and on April 15, the "Beijing The Action Plan for the Opening of the Whole Industry Chain of Beijing's Digital Economy (Draft for Comments)" is open to solicit opinions, and it is necessary to promote the opening of the whole industry chain of Beijing's digital economy. Legislative guarantee + action plan is enough to see Beijing's efforts to develop the digital economy.

According to the "Regulations", Beijing will set up public data areas in the fields of finance, medical care, transportation, and geospatial space to promote the opening and social application of public data, and will promote the interactive sharing of government and enterprise data; explore the establishment of an accounting system for data production factors, Promote the capitalization and accounting of data production factors, and support digital economy business innovations such as data shareholding, data credit, data trust, and data asset securitization.

In terms of platform economy development, platform companies are encouraged to take advantage of the Internet to empower economic and social transformation and upgrading, and promote the integration and development of digital technology and the real economy. In terms of hardware facilities, it will promote the construction of new technology infrastructure such as artificial intelligence, blockchain, big data, privacy computing, and urban space operating systems.

The development level of Beijing's digital economy has always been in a leading position. In 2021, the added value of Beijing's digital economy will reach 1.6 trillion yuan, a year-on-year increase of 13.1%, accounting for 40.4% of GDP; the added value of digital economy core industries is 891.81 billion yuan, a year-on-year increase of 16.4% , accounting for 22.1% of GDP.

"Beijing has formed many innovative practices in the process of promoting the development of the digital economy, but there are also certain bottleneck constraints. It is urgent to formulate a comprehensive local regulation in the field of digital economy." The relevant person in charge of the Beijing Economic and Information Bureau pointed out.

The "Regulations" has nine chapters, covering digital infrastructure, data resources, digital industrialization, industrial digitalization, digital governance, digital economy security, safeguard measures, etc.

The data element is the core engine for the deepening development of the digital economy. The multiplier role of data in improving production efficiency has become increasingly prominent, and it has become the most characteristic production factor of the times. Among them, the opening of public data has already become one of the contents of the country's important strategic planning. However, in practice, there are still certain problems in the opening and circulation of public data.

"At present, all parties have many concerns about the sharing and opening of public data, including data security concerns, concerns about data revenue distribution, etc., so it is necessary to solve basic problems in the process, such as data ownership, data revenue distribution, Data security and personal information protection.” Wu Shenkuo, assistant dean of the Internet Development Research Institute of Beijing Normal University and deputy director of the Research Center of the Internet Society of China, pointed out.

The "Regulations" issued by Beijing this time require the establishment of a unified catalog of public data resources, the establishment of a city-wide public data sharing support system, and the promotion of the interconnection of data and related business systems. In accordance with the principles of demand orientation, classification and grading, security and controllability, and high efficiency and convenience, open public data to the society in various ways. Set up special areas for public data in the fields of finance, medical care, transportation, and geospatial space, and promote the openness and social application of public data.

It was also mentioned in the "Beijing Digital Economy Whole Industry Chain Opening Action Plan (Draft for Comment)" released on April 15 that it will promote the opening of data for public transportation and other units, continue to increase data openness and sharing, and upgrade and transform public transport. Data open platform.

In addition to the opening of public data, the "Regulations" also propose to promote the exchange and sharing of government and enterprise data. Article 26 points out that it is necessary to strengthen the cooperation and sharing between platform companies, platform companies and small and medium-sized enterprises, and promote the integration of digital technology and the real economy. develop. In addition, it is required that the departments of Beijing, district development and reform, market supervision, network information, economy and information technology should optimize the development environment of the platform economy, promote the mutual open ecosystem of platform enterprises, and promote the exchange and sharing of government and enterprise data through project cooperation and other means.

Wu Shenkuo told the reporter of 21st Century Business Herald that the interactive sharing of government and enterprise data can promote the maximum reuse of data resources, improve the efficiency of data, and indirectly expand the use potential of data resources; and, through the sharing and circulation of public data, it can Maximize the optimization and upgrading of government governance models and governance capabilities; in addition, it will also help small and medium-sized enterprises to obtain more data resource support to facilitate innovation and development.

As mentioned above, data ownership and data revenue distribution are the difficulties that restrict data transactions and circulation.

The "Regulations" pointed out that Beijing will explore the establishment of an accounting system for data production factors, promote the capitalization of data production factors, andstimulate enterprises to invest in the digital economy. Promote the establishment of a registration and evaluation system for data assets, and support digital economy business innovations such as data shareholding, data credit, data trust, and data asset securitization.

"Promoting the capitalization of data elements helps to accurately and clearly calculate data-related benefits and distribution flows, and is of great economic significance to the protection of the rights and interests of all parties." Wu Shenkuo believes.

The "Regulations" also point out that units and individuals can carry out data services and data product transactions in legal ways such as direct transactions and platform transactions.

Last year, Beijing established the International Big Data Exchange, taking the lead in establishing an international digital economy intermediary industry system, and speeding up the process of valueizing data element resources. The "Regulations" further clarified that international big data exchanges should formulate data transaction rules, explore data transaction paradigms that are "available, invisible, controllable and measurable", and conduct compliance reviews on the data sources of data providers and the identities of both parties to transactions , and keep audit and transaction records to ensure that data transactions are fair and orderly, safe and controllable, and traceable throughout the process.

Digital infrastructure is like the cornerstone of the development of the digital economy. In this regard, the "Regulations" mentioned supporting the construction of network infrastructure such as a generation of high-speed fixed broadband and mobile communication networks, satellite Internet, and quantum communication, and promoting new technologies such as artificial intelligence, blockchain, big data, privacy computing, and urban space operating systems. infrastructure.

In addition, the "Regulations" pointed out that it is necessary to promote the ecological integration and development of the integration of data, computing power, algorithms and development platforms, and cooperate with surrounding cities to build a national integrated computing power network Beijing-Tianjin-Hebei national hub node. This is also in line with the "14th Five-Year" digital economy development plan previously issued by the State Council, which requires the deployment of national hub nodes of national integrated computing power networks in Beijing-Tianjin-Hebei, the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and other regions, and the construction of data center clusters , optimize the layout of data center construction in combination with the development needs of applications and industries.

To create new advantages in the digital economy requires the two-wheel drive of digital industrialization and industrial digitalization. In terms of digital industrialization, the "Regulations" pointed out that Beijing will encourage the open and innovative development of software and hardware, and expand and strengthen the core industries of the digital economy such as high-end chips, new displays, basic software, industrial software, artificial intelligence, and blockchain. cluster. Support the development of Internet hospitals, new medical services, and promote the inclusive and prudent supervision of new artificial intelligence medical methods and medical devices.

In terms of industrial digitalization, Beijing will support industrial enterprises to implement digital transformation, support financial institutions to accelerate digital transformation, promote the construction of digital trade demonstration zones, and improve the access to new formats of digital economy. At the same time, it will improve the digital level of agricultural product production, processing, sales, logistics and rural governance, and promote the innovation and development of digital villages and smart agriculture.

Platform companies are an important part of Beijing's digital economy. There are more than 100 Internet unicorn companies in the country, and Beijing accounts for nearly 50%.

It is very important to regulate the healthy development of the platform economy. The "Regulations" require that Internet platform companies should abide by laws and business ethics, and establish and improve platform management system rules. Do not take advantage of data, algorithms, traffic, markets, and capital to hinder or destroy the independent operation of other platforms and applications, and must not damage the legitimate rights and interests of small and medium-sized enterprises, and impose unfair differential treatment and choice restrictions on consumers.

In addition, the "Regulations" also mentioned that it is necessary to actively support the standardized and healthy development of platform companies, encourage them to take advantage of the advantages of the Internet, empower economic and social transformation and upgrading, and promote the integration and development of digital technology and the real economy. Individuals are allowed to use new platforms such as e-commerce, social software, knowledge sharing, audio and video websites, and makers to start jobs and start businesses, orderly guiding the new individual economy.

The following is the full text of the "Regulations"↓↓↓

Source: Beijing Municipal People's Government, 21st Century Business Herald

Reporters: Wang Jun, Wang Xin (intern)