Participants walk past the logo of the China International Big Data Industry Expo 2023 in Guiyang, capital of southwest China's Guizhou Province, May 26, 2023.
BEIJING, Jan. 8 (Xinhua) -- Chinese regulators encouraged in a recently-debuted 3-year action plan social capital to invest in data industry and data providers to finance via public listing, reported Xinhua Finance on January 4.
The plan titled "'data elements ×' three-year action plan for 2024-2026" proposes to coordinate and utilize investment funds within the central government budget and capitals of other types to scale up financial support for the "data elements ×" pilot program.
It also encourages financial institutions to crank up market-oriented principle-based lending support and optimize financial services for the pilot program. Exploring diversified investment and financing modes such as leveraging the role of related guidance funds and industrial funds was also mentioned.
The plan, co-released by Chinese policy makers in many fields, selects 12 industries and sectors to unlock the multiplier effect and better exploit the value of data elements, including industrial manufacturing, modern agriculture, commerce and trade, transportation, financial services, sci-tech innovation, cultural tourism, health care, emergency management, meteorological services, urban governance and the green and low carbon sectors.
It also proposed to improve data supply, optimize data circulation environment and strengthen data security to further bolster supports for the data industry. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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