Chang Zhipeng

57589527@qq.com

THE Shenzhen Data Exchange was inaugurated yesterday at the 24th China Hi-Tech Fair at the Shenzhen Convention and Exhibition Center in Futian District, a milestone event for the city to promote online data exchange and the development of its digital economy.

So far, a total of 415 registered transactions exceeding 1.1 billion yuan (US$156.13 million) have been completed at the Shenzhen Data Exchange. The transactions cover 53 types of application scenarios such as fintech, digital marketing and public services. Among the 415 transactions, 14 involved cross-border transactions totaling 11.15 million yuan.

The Shenzhen Data Exchange will focus on four major aspects of compliance assurance, supply and demand connection, circulation support and ecological development to provide services covering the entire data transaction chain. It will strive to serve as a national trading platform for cross-domain and cross-border circulation of data elements, explore demonstration paths and transaction models of market-oriented allocation for data elements that adapt to the development of China’s digital economy, and build Shenzhen into a hub for gathering national data resources, the development of data products and data trading.