Data assets come alive to help accelerate the digital economy

Release time:Jun 07, 2024 08:33 AM

How can binary data assets enter corporate balance sheets, be recognized by investors or banks, and become real "financial report" assets?

Recently, with the innovative cooperation between the Bank of Shanghai and the Shanghai Data Exchange, the Shanghai Data Exchange’s first “Shuyidai” for the chemical industry was successfully launched. Shanghai Xinhua and Cloud Data Technology Co., Ltd. successfully obtained 1.5 million through data asset pledge financing. Yuan credit support, which also provides a reference sample for the "realization" of relevant corporate data assets.

Bank’s “golden key” helps monetize data assets

Authoritative departments predict that the data infrastructure system will generate a data trading market of 300-500 billion yuan in the short term. In the medium and long term, the potential size of the data asset-related market will be more than 60 trillion yuan. Data element pricing is the “golden key” to unlocking a new 10-trillion-level market. Behind the rapid growth of the market scale, innovative applications such as data asset pledge guarantee jointly carried out by banks and data exchanges are indispensable.

Take Xinhua Heyun as an example. This company is a big data platform for the chemical industry. Relying on the company's accurate industry database, it provides database services and data analysis services to the industry. As a typical "asset-light, data-heavy" company, it has been facing challenges in capitalization due to characteristics such as difficulty in confirming rights and valuation, and inconsistent valuation standards. This makes Xinhua and Yunhua rely on data assets to obtain bank credit. The idea has been difficult to make effective progress.

"Our data products, the upstream and downstream data of the chemical industry chain and the dynamic operating data of chemical companies, have been marketed and started to generate revenue since 2022, and were listed and registered on the Shanghai Data Exchange that year." Xinhua Yu Zheng, chief operating officer of Heyun, said.

After learning about the company's financing needs, Bank of Shanghai conducted on-site due diligence to evaluate the impact of relevant data assets on the company's operations. It comprehensively considered the scarcity of data, market demand, usage scenarios and potential benefits, and evaluated the impact of data assets on the company's operations. The value of data assets is finally determined after considering the potential value of future data commercialization, data transactions and data-driven business innovation.

"Although the amount of this 1.5 million credit is small, it has a certain symbolic significance, showing that data assets can not only be used as transaction objects, but also as collateral for obtaining financing. This method provides light assets and high-tech enterprises with a New financing channels can help enterprises alleviate financing problems, reduce financing costs, and improve financing efficiency," said Hu Ji, Vice President of Bank of Shanghai Puxi Branch.

Empowering new productivity "Shuyidai" successfully breaks through the circle

"Data empowers various industries to form an 'amplification, superposition, and multiplication' effect, making its value stand out. Digital finance is an inevitable requirement for doing a good job in the 'five big articles' of finance. The Bank of Shanghai's carrying out such business also helps new productivity and Active exploration of the development of digital economy," said a relevant person from the Bank of Shanghai.

As a national data trading platform, the Shanghai Data Exchange has achieved pioneering pilot projects such as "Shuyidai" in the field of data asset pledge financing, and has accumulated a wealth of practical cases. Up to now, the Shanghai Data Exchange has adopted the "Shuyidai" enterprise data asset innovative application program and cooperated with Shanghai financial institutions, including the Bank of Shanghai, to provide data asset-based loan services to seven companies.

All market participants are optimistic about the overall demand for “realization” of data assets. For enterprises, once the realization of data assets opens up, there will be a lot of room for growth in its future value curve; for banks, it will help them strengthen financial support for related enterprises, especially platform Internet enterprises, thereby helping The development of the real economy and new productive forces.

At present, the Shanghai Data Exchange has listed more than 2,500 data asset products, covering many fields such as finance, shipping and transportation, comprehensive, and trade. “Due to the particularity of data assets and the differences in financial institutions’ understanding and risk management capabilities of data assets as an emerging asset, we expect that areas with a high concentration of data elements and financial elements are expected to achieve large-scale development and provide a platform for national data Asset innovation applications provide exploration experience,” said a person from the Shanghai Data Exchange.


Data assets come alive to help accelerate the digital economy
comment
35th Anniversary of Industrial Bank: Deeply rooted and lush, blooming with fragrance, flowing in Central China, striving to sail with clouds, digitalization | Technology | Industrial Bank
35th Anniversary of Industrial Bank: Deeply rooted and lush, blooming with fragrance, flowing in Central China, striving to sail with clouds, digitalization | Technology | Industrial Bank

In 1979, with the thunderous sound of "turning banks into banks", China's financial reform began. On August 26, 1988, as one of the first joint-stock commercial banks, Industrial Bank emerged on the banks of the Minjiang River in the southeast tide. The 35th anniversary is a scale of time, a ruler of development, and even more so, a step forward. Since its establishment 35 years ago, Industrial Bank has leveraged its unique advantages rooted in Fujian, integrating patriotism into unremitting efforts, keeping pace with the times, the motherland, and the people, adhering to the principle of "exploring paths for financial reform and making more contributions to economic construction", rooting itself in the land of Fujian and extending its branches and leaves to the whole country and the world. It has achieved multi-level cross regional cooperation among regional banks, national banks, listed banks, and banking groups, occupying an important position in domestic and foreign financial markets, and composing the story of "walking well in China"

Expert Science | Can Vitamin C Prevent COVID-19 Infection? Top 10 Frequently Asked Questions: Experts Answering Viruses, Vitamins, and Viral Infections
Expert Science | Can Vitamin C Prevent COVID-19 Infection? Top 10 Frequently Asked Questions: Experts Answering Viruses, Vitamins, and Viral Infections

I don't know since when, in the eyes of many people, vitamin C has one more effect-to prevent colds, and think that as long as you eat enough, you can even treat the common cold, flu or new coronavirus infection. The market has spawned a variety of vitamin C supplements. So usually eat vitamin C can prevent new coronavirus infection? As a drug vitamin C and what role? This article for the public concerned about some of the questions were answered. Vitamin C is an essential substance to maintain the normal physiological function of the human body, with the function of prevention and treatment of bad blood acid, so it is also called ascorbic acid, the body can not be synthesized, usually rely on food intake. Q2: Which foods are high in vitamin C? Vitamin C is usually only found in plant foods,

Shanghai citizens can also enjoy the free range ducks in the clouds, and world-class terraced fields have built roads for villagers to increase their income. Farmers | Breeding | Shanghai
Shanghai citizens can also enjoy the free range ducks in the clouds, and world-class terraced fields have built roads for villagers to increase their income. Farmers | Breeding | Shanghai

In summer, after days of high temperature, the Hani terraced fields of Honghe State finally receives valuable rainwater. Along large and small ditches, the rainwater flows into the terraces. The green seedlings stand up again, and there are more "paddy ducks" carrying the hope of many villagers. Ma Jianguo, a farmer from Shitouzhai in Honghe County, looked excited and said, "Last year I didn't dare to raise them because I was afraid no one would come to collect them. I didn't expect that someone would actually collect ducks and duck eggs later on, so I can rest assured. This year, I plan to raise 100, hoping to have good returns.". How high are the mountains and how high are the water. The Hani terraced fields of Honghe State, located in the south of Yunnan, is a world cultural heritage. Terraced fields extend from the foot of the mountain to the top of the mountain at an altitude of over 2900 meters, with a maximum of 3700 levels. Standing on the mountainside, the highest level of terraced fields seemed to have been built all the way up to the clouds. As a collection of natural, economic

Changshu: Unveiling a "Core City" in an Oasis Project | Industry | Changshu
Changshu: Unveiling a "Core City" in an Oasis Project | Industry | Changshu

A new highland of "specialization, refinement, uniqueness, and novelty" industry has just been unveiled. Take the high-speed rail from Shanghai Hongqiao and arrive at Suzhou North Station in 21 minutes at the fastest. Then drive north for another 15 minutes to see a "core city". Multiple modern buildings, nestled among green grass and clear water, are eye-catching. With the opening of Changshu Oasis Core City on June 21st, the "Core City" located north of Suzhou urban area and south of Changshu is bringing people a new experience. Changshu Oasis Core City is located in Xinzhuang Town, Changshu City. It is an important industrial project for Changshu City to deeply implement the integrated development strategy of the Yangtze River Delta and actively connect with Shanghai. Located at an important node on the northbound development axis of comprehensive integration within Suzhou city, Xinzhuang Town is connected to Suzhou Xiangcheng in the south and can reach the core area of Suzhou Industrial Park in 30 minutes. It is a key area for the coordinated development of Changshu. As Changshu in the northern area of Suzhou high-speed rail

Activate the new service brand "WeCare Volkswagen Care" SAIC Volkswagen Goes to the Guangdong Hong Kong Macao Greater Bay Area Auto Show SAIC | Event | Volkswagen
Activate the new service brand "WeCare Volkswagen Care" SAIC Volkswagen Goes to the Guangdong Hong Kong Macao Greater Bay Area Auto Show SAIC | Event | Volkswagen

The 27th Guangdong Hong Kong Macao Greater Bay Area International Automobile Expo opened. Hall 4 of Shenzhen Convention and Exhibition Center showcases Volkswagen's brand of gasoline and electricity, showcasing its entire range of vehicle products. On June 13th, the newly launched Lavida made its debut at the cutting-edge auto show, with the support of the new Lavida on stage. The all-new Touareg X has also made a C-spot debut, opening the upcoming "Encounter Xinjiang with Highness" themed event. New high-end pure electric sedan concept car ID Next makes its debut in South China, representing the brand's premium attitude towards pure electric vehicles. The Weiran modified car comes with highlights and also releases two four/seven seat modification plans for consumers. On that day, SAIC Volkswagen officially launched a new service brand - WeCare Volkswagen Care, which takes "caring for the car, caring for you more" as a new service brand concept and creates a closed-loop service experience. 100000 yuan level family sedan