Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
BEIJING, January 27 (Xinhua) — A data center for digitalization of trade and economic cooperation within the Shanghai Cooperation Organization (SCO) was recently established in the prestigious Pudong business district of the eastern Chinese metropolis of Shanghai.
According to local media, the new center was co-initiated by the Shanghai Data Exchange (SDE) and Huatie Holding (Beijing) Co., Ltd., which handles specific operations for the relevant committee on digital economy at the China-SCO Economic and Trade Exchange Center. Drawing on the operational capabilities and resource advantages of these two parties, the new center is intended to serve as a platform for integrated services for data collection, processing, capitalization, cross-border flow, exploitation, and trade.
Aiming to promote the digital transformation of Chinese enterprises and the digital modernization of trade and economic cooperation in the SCO region, the new center will primarily focus on developing a set of rules and standards for regulating cross-border data flows that comply with the laws and regulations of SCO member states in order to provide reliable information support for trade, logistics, and financial activities among the organization's member states.
In addition, the center will work to promote the capitalization and commercial application of high-quality data products, such as equipment data, trade and logistics data, by providing full-fledged service links – from data processing and management, asset registration, to valuation and asset transactions.
At the same time, the center will, in cooperation with licensed financial institutions, explore the possibility of providing innovative financial transactions with financing, insurance and bonds that will be based on data assets, so as to provide medium and small enterprises with generally accessible, data asset-based financial services and thereby expand the fund accumulation channel for enterprises. -0-
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.