Essay
? 202 1 is the first year of the tenth five-year plan, and it is also a crucial year for the cultivation of data factor market. The 14th Five-Year Plan calls for activating the potential of data elements, speeding up the development of digitalization and building a digital China.

First-line and third-line principles

The key to the construction of data element market is the innovation of data element. The innovation of data elements should adhere to the "three-line principle", that is, the safety bottom line, the privacy red line and the industry baseline. First, as a national basic strategic resource, data security is related to national security and economic and social development, and the focus of national security strategy has shifted from the physical world to the digital world. Second, the digital economy with data as the new production factor is booming. Protecting data privacy and maintaining a good ecology of cyberspace have become the consensus of global digital economy cooperation and governance. Thirdly, standardizing industrial data processing activities is an important basis for promoting the healthy and orderly development of industrial digitalization.

Second, the impossible trinity.

Corresponding to the "three-line principle" is the "impossible trinity" of data transactions, that is, meeting the demands of countries, enterprises and individuals on data at the same time, which is difficult to achieve under the current technical and commercial ecology. For example, at the national level, the main demand for data is to ensure data sovereignty and data security; From the enterprise level, the emphasis is on realizing the value of data itself through the data market and the interaction between data elements and other production factors; From a personal point of view, ordinary people are concerned about the protection of personal privacy-related rights and the acquisition of personal data corresponding rights.

? Therefore, in order to develop the digital factor market, we must constantly innovate. On the premise of adhering to the "rule of law", combined with the existing "impossible trinity" of data transactions, we will continue to innovate in technology or mechanism around the "three-line principle". In the process of exploring the compliant development of data factor market, state-owned enterprises may play a unique role, such as jointly formulating standards and norms for data transaction circulation and security protection, promoting the construction of industry data public space infrastructure in various ways, actively cultivating new data technology enterprises and data factor service industries, and improving the talent training system of data factor industry. Generally speaking, state-owned enterprises are good at integrating internal and external resources, breaking enterprise boundaries, carrying out long-term oriented and more socially meaningful innovations, and finally creating an ecosystem that leads the world and guarantees independent innovation.