[Financial News Focus] The World Data Organization is officially established, accelerating the marketization and monetization of data elements. This year is expected to be the "Year of Data Element Value Realization."

People’s Finance & News, March 31—The World Data Organization completed its formation in Beijing and has officially begun operations. On March 30, the World Data Organization held its unveiling and was formally established. As the world’s first professional international organization focused on data development and governance practices, it is a global, professional, non-governmental, non-profit social organization, headquartered in Beijing. The World Data Organization’s core mission is “to bridge the data divide, unlock the value of data, and foster a thriving digital economy.” It will promote development and governance practices in the global data field, enabling efficient exchange and reasonable utilization of data under compliant, secure, and trustworthy conditions, injecting new momentum into high-quality development of the global digital economy. At present, the global digital economy is flourishing, and data has become the core engine driving economic growth and promoting technological innovation. From the domestic policy side, the policy toolbox for reforming the market-oriented allocation of China’s data elements is gradually taking shape. Next, relevant departments will push even harder to advance the marketization and value realization of data elements, including accelerating the establishment of a nationwide unified system for registering data property rights, and promptly issuing policy documents on building a national unified data market, among other steps, to further promote the development and utilization of data resources. Recently, Liu Liehong, Director of the National Data Bureau, said that this year is the year for unleashing the value of data elements, and efforts to advance the marketization and value realization of data elements will be intensified, focusing on ensuring implementation of systems, cultivating application scenarios, and increasing data supply. Dongwu Securities expects that foundational systems in areas such as data property rights, transactions, and circulation will likely be further improved, and the value of public data and industry data in various regions will be further tapped.