China Business Network (CBN) recently reported that, according to information from multiple authoritative channels, the Chinese State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is preparing to establish a new central-government-owned company named National Data Group. A source close to the preparations said the move marks a critical step in China’s “data elements market.”
According to the CBN report, the new company is to “further integrate and optimize national data resources, promote efficient allocation and in-depth application of data elements.” The group will be tasked with “integrating, operating, and developing national-level data resources, covering multiple key areas in the economy such as energy, transportation, finance, medical care, and manufacturing, while promoting cross-industry and cross-regional flow and sharing of data.”
The National Data Group “will not just perform a simple resource accumulation, but also engage in a market-oriented and professional-oriented exploration of the commercial operation model of data resources.” The group “may take advantage of advanced digital technologies, such as artificial intelligence, blockchain, cloud computing, etc., to build safe and efficient data transaction and circulation mechanisms, while ensuring data security and privacy protection.”
Source: CBN, February 13, 2025
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