首页|"数据+资本"的双要素耦合:公共数据资产证券化的推进路径与风险应对

"数据+资本"的双要素耦合:公共数据资产证券化的推进路径与风险应对

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在数字化转型日益深入的背景下,数据要素的价值发掘日益从浅层迭进至深层,公共数据资产已逐渐成为驱动地方经济发展的新动力.通过证券化的操作并结合公私主体的协作,可以将公共数据资产转化为可交易的金融产品,从而深入挖掘公共数据价值.目前,我国在政策规范、数据价值、底层支撑以及交易市场等方面都存在充分的现实基础.从公共数据资产证券化运作的具体流程来看,作为基础资产的公共数据是证券化的起点,作为量化方式的资产评估为证券化提供了可能,作为支撑动力的公私主体实现了证券化的推进.但上述流程中仍旧存在特定的风险挑战,具体表现为制度落后于发展的规范真空风险、技术延伸至数据的权益侵害风险、规则未形成体系的交易停滞风险、主体扩展至多层的监管低效风险.为了实现公共数据资产证券化的法治路径,应当通过"先试点、后立法"实现规范细化完善,通过"全角度、泛流程"实现权益合理保障,通过"多主体、共协同"实现交易顺畅展开,通过"类型化、技术化"实现监管高效赋能.
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

李文超、姜爱茹

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海南省社会治理创新和人才培养研究基地,海南 海口 571100

内蒙古农业大学人文社会科学学院,内蒙古 呼和浩特 010010

公共数据 数据资产 证券化 公私协作 数据交易

海南省教育厅高等学校教育教学改革研究项目

Hnjg2023-195

2024

金融发展研究
山东省金融学会

金融发展研究

CHSSCD北大核心
影响因子:0.55
ISSN:1674-2265
年,卷(期):2024.(5)
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