The Two-Factor Coupling of"Data+Capital":The Promotion Path and Risk Response of Public Data Asset Securitization
Against the backdrop of deepening digital transformation,the exploration of the value of data elements is increasingly moving from shallow to deep,and public data assets have gradually become a new driving force for lo-cal economic development.Through the operation of securitization and combined with the collaboration of public and private entities,public data assets can be transformed into tradable financial products,thus deeply exploring the value of public data.At present,there exists a sufficient realistic foundation in China in terms of policy regulation,data val-ue,underlying support,and trading market.From the point of view of the specific process of the operation of public data asset securitization,the public data as the underlying assets is the starting point of securitization,the asset assess-ment as the quantitative method provides the possibility of securitization,and the public and private subjects as the sup-porting power realize the advancement of securitization.However,there are still specific risk challenges in the above processes,which are manifested in the risk of regulatory vacuum as the system lags behind the development,the risk of infringement of rights and interests as the technology extends to data,the risk of transaction stagnation as the rules have not formed a system,and the risk of inefficient regulation as the subject extends to multiple layers.In order to re-alize the path of rule of law for securitization of public data assets,it should be realized through"pilot first,legislation later"to refine and perfect the norms,through"full perspective,pan-process"to realize reasonable protection of rights and interests,through"multi-object,common"to realize smooth development of transactions,and achieve the highly efficient empowerment of supervision through"typology and technology".
public datadata assetsecuritizationpublic-private collaborationdata trading