On November 25, 2023, Mr. Qu Feng, Senior Partner of Dentons' Shanghai Office, Head of the China Financial Industry Group, and Director of the Finance Department of the Shanghai Office, was invited as a guest speaker to attend the "2023 Global Digital Business Conference Sub-forum - Industrial Data Application and Circulation Forum". The event was guided by the Shanghai Municipal Commission of Economy and Information, and hosted and undertaken by Shanghai Data Exchange and Shanghai Hehe Information Technology Co., Ltd.
This sub-forum focuses on the circulation and regulation of data. During the meeting, in addition to the guests from the Data Exchange, Huawei Cloud, and INTSIG, Mr. Qufeng of Dacheng gave a speech on the topic of "Talking about the Legal and Regulatory Policies of the Data Bureau from the Perspective of Data Asset Transactions". The content mainly involves the characteristics and risks of data asset transactions and how the newly established National Data Bureau can deal with it from the regulatory side.
First of all, Mr. Qu introduced data assets from three aspects: definition, attributes and characteristics, expounded the informational, legal and value attributes of data assets, and introduced the concept of data asset transactions. Secondly, Mr. Qu gave a comprehensive and in-depth explanation of data asset transactions from the perspective of transaction models, transaction trends, and the challenges and opportunities of transactions. Thirdly, Mr. Qu talked about the purpose and function of the newly established National Data Bureau. Finally, Mr. Qu elaborated on the future regulatory direction of the National Data Bureau in data asset transactions from two aspects: the implementation of the separation of data rights and the construction of the data circulation system. At the same time, Mr. Qu also mentioned that with the rapid growth of the data trading market, various data-related "first cases" have also emerged one after another, reflecting the urgent need for the market to improve supervision.
It can be seen that the cultivation of the data element market and the enhancement of the value first need to determine the property rights of data element assets; Second, it is necessary to construct a legal guarantee for the transaction and circulation of data assets. With these two foundations, it can be extended to data mining and processing, business scenario application, and data product design. It is of great significance for China to build a data power and give full play to the function of data elements to empower economic development through three ways: new knowledge, new production and new matching.
As an expert in the field of financial markets and financial markets, Mr. Qu Feng is currently a director and director of the finance department of Dentons' Shanghai office, the head of the financial industry group in China, a doctoral student in DBA, a master of finance and a bachelor of law, and is qualified as a lawyer in China and a foreign lawyer in Singapore. At the same time, he is also the deputy director of the Financial Instruments Committee of the Shanghai Lawyers Association, an adjunct professor of the Shanghai University of International Business and Economics, a graduate tutor of the Graduate Education School of East China University of Political Science and Law, and a director of the Financial Law Research Association of the Shanghai Law Society. He is currently an expert in civil and administrative cases of procuratorial organs, legal counsel and expert committee members of several exchanges, and arbitrators and mediators of many arbitration institutions.
Mr. Qu Feng was invited to serve as a member of the Advisory Group of the Standing Committee of the National People's Congress. In the field of financial and derivatives law, he is the author of monographs such as "China's Legal Practice" and "Legal Basis", and at the same time he is the author of "Legal Characteristics of OTC Financial Derivatives Transactions", "Issuance and Listing of GDRs under the Shanghai-London Stock Connect Mechanism", "Interpretation of the Impact of the Implementation of the Derivatives Law from the Perspective of Bank Derivatives Business", "The Extraterritorial Effect of the Derivatives Law and Cross-border Compliance Legal Issues" and many other articles. He has been interviewed by Finance ** on hot events or issues in the financial market many times. In the fields of banking, financial derivatives and assetization, and capital markets, he has won awards from internationally renowned legal ** and rating agencies such as Chambers & Partners, The Legal 500, IFLR1000, Legalband, Best Lawyers, China Business Law Journal, ALB, etc., and won the "Top Ten Returnee Elites" of Lujiazui Financial City. Top 10 Outstanding Young Lawyers in Pudong New Area, Shanghai (4th), Excellence Award in the Book Category of Shanghai Lawyers Academic Competition (1st) and other honors.