CSRC: Steadily promote the deep integration and innovative application of data elements in the capital market.

On June 24th, the National Bureau of Statistics held the second press conference of the "Data Element x" series. In response to questions from reporters, Jiang Dongxing, Deputy Director and Level I Inspector of the Science and Technology Supervision Department of the China Securities Regulatory Commission (CSRC), stated that the CSRC closely focuses on the "five major aspects" of doing well in digital finance and considers data elements as an important component of new productive forces. They are steadily promoting the deep integration and innovative application of data elements in the capital market. Jiang Dongxing introduced that firstly, they are conducting special pilot projects on "Data Element x Capital Market". Among the 8 provinces and cities where innovative pilots are being conducted, the first batch of 11 pilot projects have been selected and will be announced during the 2024 Financial Street Forum. The leading units of the pilot projects cover core institutions in the capital market, operating institutions, and information technology service providers, conducting beneficial explorations in the securities market, futures market, and regional equity market. Secondly, they are collecting typical cases of "Data Element x" in the securities and futures industry. Among the many cases recommended by the CSRC, three outstanding cases have been successfully selected. These cases demonstrate the powerful enabling role of data in risk control in the futures market, provide new ideas for industry risk management through blockchain technology, and promote multi-dimensional data applications through blockchain to support the high-quality development of the capital market. These successfully selected cases vividly demonstrate new models and scenarios in the application of data in the securities and futures industry, effectively driving the high-quality supply and efficient circulation of data, and setting a good benchmark for the industry. Thirdly, they are actively promoting the development and utilization of public data and the construction of high-quality data sets. In terms of public data, they have recommended "Shanghai Stock Exchange's 'Star Enterprise Navigation' to help companies connect with the capital market" as one of the third batch of demonstration scenarios for the application of public data, and recommended the Shanghai Stock Exchange's "Locally Involved Enterprise Government Affairs Data Sharing based on a dual-layer chain architecture" and the China Securities Index "Capital Market Related Graph Analysis Platform" as excellent cases of industry data infrastructure. In terms of constructing high-quality data sets, they have clearly planned the goals for the construction of high-quality data sets in the securities and futures industry for the next three years, determining the direction for the high-quality development of industry data resources.