Abstract: Recently, the China Finance 40 Forum and the China Center for International Economic Exchanges jointly held the 6th Bund Summit, during which experts discussed issues related to the data marketization and cross-border data flow.
International experts emphasized the importance of data and cross-border data flow from several perspectives: data is the “oxygen” of the digital economy, and cross-border data flow is the key to global data connectivity, driving innovation and the development of the global digital economy. As trade between China and ASEAN grows, data plays an increasingly important role in promoting regional economic integration and trade. The development of artificial intelligence (AI) relies on high-quality data, and crossborder data flow is crucial for the advancement of AI.
International experts noted that the current regulatory environment for data flow is highly complex and directly impacts the global operations of multinational companies. They expressed the hope that countries will continue to optimize data policies, enhance international cooperation, and promote global data flow.
Chinese experts focused on the challenges China faces in advancing the data marketization, including inactive “in-market” data transactions, unresolved technical issues regarding the inclusion of data assets in financial statements, and the immature conditions for using digital assets as collateral. Chinese experts also offered recommendations, such as establishing and improving digital governance systems, developing rules for including data assets in financial statements, and formulating data-sharing standards for the data industry.
