Concept Tracking of Hong Kong Stocks | Six Departments Issue Documents to Promote the Development of the Data Industry, and the Industrial Scale is Expected to Welcome High Growth (with Concept Stocks)

Recently, the National Development and Reform Commission, the National Bureau of Statistics, the Ministry of Education, the Ministry of Finance, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission issued the "Guiding Opinions on Promoting the High-Quality Development of the Data Industry." The opinions clearly state that by 2029, the compound annual growth rate of the data industry will exceed 15%, the structure of the data industry will be significantly optimized, the innovation capability of data technology will lead the world, the supply capacity of data products and services will be greatly improved, a number of new smart applications, products, and services will be generated, and a batch of internationally competitive data enterprises will emerge. The opinions mention that policies to incentivize, optimize industrial layout, nurture competition subjects, promote technological innovation, and improve industrial ecology will be developed for data collection and aggregation, computing and storage, circulation and trading, development and utilization, security governance, and data infrastructure construction. These policies aim to fully leverage the decisive role of the market in resource allocation, better leverage the role of the government, promote the growth of data enterprises, and provide strong support for fostering a national integrated data market, developing new productive forces, and shaping new dynamics and advantages for development. Regarding specific measures, the guiding opinions propose strengthening data technology companies, cultivating innovative technology companies focused on data collection and aggregation, computing and storage, circulation and trading, and development and utilization. They support companies in providing specialized services for data circulation and trading, focusing on business consulting, transaction matching, compliance services, financial services, etc., nurturing a batch of data service companies, and developing new models and formats for data circulation and trading. They aim to enhance data infrastructure companies, cultivating internationally competitive data infrastructure companies, and supporting companies in creating "data element X" typical scenarios around industries such as industrial manufacturing, modern agriculture, trade circulation, financial services, green and low-carbon fields, promoting the deep integration of the real economy and the digital economy. Since the beginning of 2024, China's data strategy layout has continuously evolved, with related policies and systems being introduced in quick succession. On January 4, the National Bureau of Statistics and 17 other departments jointly issued the "Three-Year Action Plan for 'Data Element X' (2024-2026)," aiming to fully leverage the multiplier effect of data elements and empower economic and social development. By the end of 2026, the breadth and depth of data element applications are significantly expanded, the multiplier effect of data elements in economic development areas is manifested, the average annual growth rate of the data industry exceeds 20%, and on-exchange and off-exchange transactions develop in coordination. In September, the National Bureau of Statistics issued the "Guiding Opinions on Promoting the High-Quality Development of the Data Industry (Draft for Solicitation of Comments)" and the "Opinions on Promoting the Development and Utilization of Enterprise Data Resources (Draft for Solicitation of Comments)," aiming to drive enterprises to fully leverage new dynamics of data elements. In October, the National Bureau of Statistics issued the "Public Data Resource Authorization Operation Specification (Trial) (Draft for Public Solicitation of Comments)," further constructing a more perfect marketized allocation system for data elements. On October 9, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Opinions on Accelerating the Development and Utilization of Public Data Resources," the first top-level design document at the central level on the rules and directions for the development and utilization of public data. On December 25, the National Bureau of Statistics, the Ministry of Industry and Information Technology, the State-Owned Assets Supervision and Administration Commission of the State Council, and four other departments jointly issued the "Opinions on Promoting the Development and Utilization of Enterprise Data Resources," aiming to fully unleash the value of enterprise data resources, build a digital economy with data as a key element, and continue to improve the mechanism for realizing enterprise data rights, better cultivate the digital competitiveness of enterprises, empower industrial transformation and upgrading, and promote the high-quality development of the service economy and society. Stocks related to the concept: GDS-SW (09698): The company is accelerating the construction and operation of overseas data centers while actively signing contracts with overseas power companies to ensure stable power supply. In addition, the company has deepened cooperation with overseas technology companies to explore fuel cell power solutions. After 2016, the company further expanded the coverage of data centers in core cities in China, including the Beijing-Tianjin-Hebei region, the Yangtze River Delta region, the Central China region, the Guangdong-Hong Kong-Macao Greater Bay Area, Inner Mongolia, and the Southwest region. Since 2021, the company has begun to enter the Southeast Asian markets such as Singapore, Malaysia, and Indonesia, gradually forming a strategic presence in the Singapore-Johor-Batam area. In 2024, the company entered the city of Fuchu, Japan, and entered the Northeast Asian data center market. Translated with www.DeepL.com/Translator (free version)Mobile Group (03738): While Fubo is mastering core patented technologies such as digital fingerprinting and watermarking for film and television genes, it is also actively exploring opportunities for the application of digital content rights, digital content asset protection, and transactions in new scenarios in line with the trends of Web3.0 and AI. China United Network Communications (00762): During the 2023 China Computing Power Conference, China United Network Communications unveiled the Ningxia Computing Power Ecology Joint Innovation Center, helping Ningxia to build a nationally-oriented computing technology innovation base and promote the construction of a national integrated big data center collaborative innovation system. China United Network Communications' Ningxia branch signed a strategic cooperation agreement with 50 partners including Baidu, Huawei, and ZTE.