The Zhitong Finance App learned that Shanghai Securities released a research report saying that the National Data Group Co., Ltd. was established, China is rich in data resources, and the National Data Group has broken transformation blockages and empowered artificial intelligence. The business model is rooted in data governance and “artificial intelligence +” services: providing inclusive and secure data services for individuals, exporting platform tools for government and enterprises, providing high-quality data supply to the AI industry, and solving real pain points in the implementation of scenarios. The bank believes that the circulation of data elements and infrastructure construction have ushered in an opportunity to accelerate.
The main views of Shanghai Securities are as follows:
Positioning and Mission: Data Element National Team Officially Debuts
According to the WeChat account of People's Post and Telegraph, as a wholly state-owned state-owned state-owned enterprise directly managed by the central government, the National Data Group was jointly funded by the State Council, Xiong'an New Area Management Committee, China Telecom, China Unicom, China Mobile, China Grid, and China Southern Power Grid. It adheres to the foundation of “data, security, and technology” and is positioned as a “data element serving the national team, a leader in data infrastructure connectivity, and a strategic force for national data technology innovation”, striving towards the goal of “creating a world-class data technology enterprise” to “prosper the data technology and artificial data industry” Smart and Building a Digital China” The mission. According to the CCTV News WeChat account, the group was established to promote the development and utilization of data resources, release the value of data elements, serve the development of artificial intelligence, and prosper the data industry ecosystem.
Shareholding structure: multiple shareholders collaborate to lay out data, computing power, and energy resources
Looking at the equity structure, according to the WeChat account of C114 Communications Network, the State Council's State-owned Assets Supervision and Administration Commission invested 6 billion yuan, accounting for 20% of the shares, being the single largest shareholder; China Telecom, China Mobile, and China Unicom each invested 4.5 billion yuan, accounting for 15% of the shares; State Grid and China Southern Power Grid each invested 3.75 billion yuan, accounting for 12.5% of the shares; China Xiongan Group invested 3 billion yuan, accounting for 10% of the shares. The operator covers network, cloud computing and computing power network resources across the country. The power grid provides stable and reliable power and energy security for computing power facilities, and has a complete resource base from data, computing power to energy.
Management team: Experience in industrial operation and top-level supervision
Judging from the leadership team, according to Shangguan News's WeChat account, the party group secretary and chairman of the National Data Group is Jian Qin, while Chen Ronghui is the party group's deputy secretary and general manager. Jian Qin was previously the deputy party group secretary and general manager of China Unicom; Chen Ronghui was previously a member of the party group and deputy director of the National Data Bureau.
Landing carrier: Xiong'an has become a super testing ground for data element reform
Judging from the site selection, according to the WeChat account of the People's Daily, the Xiong'an Urban Computing Center, known as the “Eye of Xiong'an”, has collected more than 40 billion pieces of data, more than one million global sensing terminals, and more than 500 kilometers of digital roads. The data base has already taken shape. Massive data covers digital scenarios such as urban planning, construction, governance, and people's livelihood, providing an open “super testing ground” for data element reform and data governance exploration.
Industrial value: break through data blockages and enable the development of the AI industry
China is rich in data resources, and the National Data Group has broken transformation blockages and empowered artificial intelligence. Relying on the integrated resource chain of shareholder data, computing power, and energy, it helps lower the threshold for data circulation and utilization. According to the WeChat account of People's Post and Telegraph, the National Data Administration report shows that in 2025, China's data industry will reach 6.78 trillion yuan, with 482,000 related enterprises, and the total data output ranks among the highest in the world. At the same time, data is the fuel for the AI era, and data governance is the forward process for AI development. Currently, due to inconsistent standards and unclear rights and responsibilities, much data has been dormant for a long time, and data governance is lagging behind. The establishment of the National Data Group made up for the shortcomings. On the one hand, do a good job of “adding” the industry and linking all parties in the industrial chain to expand the industrial cake; on the other hand, do a good job of “multiplying” factors, and rely on the fact that data can be reused to achieve multiple processing and value release in multiple scenarios. Its business model is rooted in data governance and “artificial intelligence +” services: providing inclusive and secure data services for individuals, exporting platform tools for government and enterprises, providing high-quality data supply to the AI industry, and solving real pain points in the implementation of scenarios.
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