Data, as the core factor of production of the digital economy, has created a new impetus for the long-term and steady development of the economy and society, and the digital economy has become a new engine for China's high-quality development. Recently, Fan Wenzhong, Deputy Director of the Economic Committee of the Beijing Municipal Committee of the Chinese People's Political Consultative Conference, Secretary of the Party Committee and Chairman of Beijing Financial Holding Group, and Chairman of the Beijing International Big Data Exchange, was a guest on the "CPPCC E Affairs Hall" program, sharing the high-quality development and exploration of the future of the digital economy, and looking forward to the broad prospects of Beijing's construction as a global digital economy benchmark city.
Since the beginning of this year, Beijing has actively explored the reform and development model of the digital economy, accelerated the cultivation of smart cities and data element markets, and the scale of the digital economy has continued to rise, the development vitality has continued to emerge, and the endogenous driving force has been increasing. In the first three quarters of 2023, the added value of Beijing's digital economy exceeded 14 trillion, a year-on-year increase of 83%, accounting for 44 percent of GDP3%, providing a strong momentum for the high-quality development of the capital's economy.
Due to its intangibility, non-exclusivity, and infinite reusability, the process of valorizing data elements is more difficult than other elements, and faces more unknown challenges. Fan Wenzhong believes that through technological innovation and system improvement, it will help data from the original resource state to become a real asset through the confirmation and registration of rights, and then realize free trading and exchanges, release huge energy in the reform of the factor market, and promote the development of inclusive finance in the process of financial empowerment.
Fan Wenzhong said that in the past few years, the Beijing International Big Data Exchange has carried out innovative explorations in many fields. Draft and formulate security standards for data transaction supervision, continuously improve the institutional system in the development of some regulatory sandbox projects, establish different transaction requirements for data of different sensitivities, and ensure the security of the ownership and income of data transactions in the development and application of new technologies such as privacy-preserving encrypted computing. Through close cooperation with data-related providers, processors, accounting firms and appraisal agencies, we will unite a large number of leading technology companies and existing intermediary companies in society to build and improve the security ecology of the data economy, help the value of digital capital leapfrog, and realize the full mining and release of data economic value and social value.
The digital economy is becoming a key force that brings together global factor resources, reshapes the global economic structure, and changes the global competitive landscape. As the capital, Beijing has an inherent resource advantage in terms of data, and has more possibilities to make more innovative contributions in the field of digital economy. In the future, a large number of digital economy intermediaries will be more closely connected, and gradually build an intermediary system of the digital economy, form a complete digital economy ecology, lay a more solid foundation for Beijing to build a global digital economy benchmark city, build a "Beijing model" for the development of China's digital economy, and provide strong capital for the high-quality growth of China's economy in the future.