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Shanghai Data Exchange Trading Rules
Hello, on November 26, 2021, Shanghai Futures Exchange announced that Shanghai Futures Exchange Trading Rules (Revised) and other implementation rules have been considered and approved by the Board of Directors of Shanghai Futures Exchange and reported to the China Securities Regulatory Commission. It is hereby announced and shall take effect from the date of announcement.

Expansion of qualifications:

1, Shanghai (abbreviation: Shanghai, Shen) is China's national central city, mega-city [1], Shanghai, Hangzhou and Ningbo Bay Area core city, is the international economy, finance, trade, shipping, science and technology innovation centers [2] [3], is the first batch of coastal open cities. Shanghai is located at the mouth of the Yangtze River, is the leading city of the Yangtze River Economic Belt, across the East China Sea and Japan's Kyushu Island, south of Hangzhou Bay, north and west of Jiangsu and Zhejiang provinces. Shanghai port cargo throughput and container throughput ranked first in the world, is the international port of the river and sea, set up the first free trade zone in mainland China China (Shanghai) Pilot Free Trade Zone. Shanghai and Anhui, Jiangsu, Zhejiang **** with the composition of the Yangtze River Delta city cluster.

2, Shanghai "In the initial data trading framework, both data ownership, data governance technology and data trading business models have been formed. By April 2020, the Central *** Central Committee and the State Council officially issued the "Opinions on the Establishment of a More Complete Institutional Mechanism for the Market-based Allocation of Factors", which listed data, land, capital and labor as factors of production, and put forward the vision of accelerating the cultivation of the data factor market. The big data exchange market has been revitalized and a new batch of data exchanges have been born.

3. Shanghai's data legislation first solves the worries about data ownership in data transactions. The draft makes a breakthrough in clarifying the mechanism of data rights and interests trading, safeguarding the property rights and interests of the subject of data trading in the products and services for which he has legally acquired and processed data, and safeguarding his property rights and interests acquired through data trade. This means that the property rights and interests in data are protected and that data interests are recognized as tradable.

4. However, for a long time, the domestic data trading activity is still very low. The reason for this is that the "difficulty of data ownership" is the key to hindering the flow of data elements. Data ownership is a world-class problem, leading to a lack of willingness of governments and enterprises to open up data. In domestic and international data trading practices, the division of rights and interests between data producers and users is being realized through various technical means, thus circumventing the determination of data ownership. For example, the Beijing International Big Data Exchange uses the fusion of federal learning, encrypted computing, and other technologies to realize the separation of ownership and use, and the availability and invisibility of data.