The National Data Administration issued a notice requesting “Opinions on Cultivating Data Circulation Service Agencies to Accelerate the Market-based Valuization of Data Elements” from the public, which mentions strengthening the establishment of rules and standards for data circulation transactions. Promote data exchanges to establish and improve data circulation transaction contract filing procedures and standards. Support data circulation service agencies to participate in the development of standards and specifications such as data product description and data product quality evaluation in line with market needs. Explore price formation mechanisms that meet the characteristics of data elements, encourage disclosure of data transaction price information, and provide price references for the market.

The National Data Administration issued a notice requesting “Opinions on Cultivating Data Circulation Service Agencies to Accelerate the Market-based Valuization of Data Elements” from the public, which mentions strengthening the establishment of rules and standards for data circulation transactions. Promote data exchanges to establish and improve data circulation transaction contract filing procedures and standards. Support data circulation service agencies to participate in the development of standards and specifications such as data product description and data product quality evaluation in line with market needs. Explore price formation mechanisms that meet the characteristics of data elements, encourage disclosure of data transaction price information, and provide price references for the market.