What is the symbolic significance of the establishment of National Data Group Co., Ltd. in Xiongan today?

Today, National Data Group Co., Ltd. was established in Xiongan. What is the symbolic significance of the establishment of this new central enterprise? Let’s see the experts’ interpretation.

Zhang Xianghong, a member of the National Data Expert Advisory Committee, said that the establishment of the National Data Group is of extremely important strategic significance. Guided by marketization and specialization, the Group will assume the important task of developing, integrating and operating national data resources, promote the cross-industry and cross-regional flow and sharing of data resources, greatly improve the efficiency of data resource allocation, eliminate "data islands", and help accelerate the construction of a national integrated data market.

From an international perspective, the establishment of a data group at the national level is also a pioneering trial on a global scale and will effectively enhance my country's position in the global competition for data resources.

Our country will establish the National Data Bureau in 2023, and now it has established the National Data Group Co., Ltd. Experts said that this series of major initiatives and actions in the data field will help form a pattern of synergy between effective government and effective markets.

Zhang Xianghong introduced that the National Data Administration is mainly responsible for the construction of data infrastructure and policy design, while the National Data Group focuses on specific market operations and implementation such as the development and utilization of data resources. The data industry will usher in profound model changes, which means that data infrastructure will be interconnected, more market entities will have access to high-value data resources at a lower threshold, and data innovation highlands where technology, industry, and talents will gather will continue to grow.