◇ 作者：鐘言

　　◇ 本文原載《債券》2024年12月刊

　　伴隨新一輪科技革命，數字經濟蓬勃發展，對經濟結構、產業變革乃至社會治理產生深遠影響，也為金融行業加快數字化轉型、做好數字金融大文章、發展新質生產力提出時代要求。數據是數字時代的基礎性、戰略性資源，是數字經濟的關鍵生產要素。發揮金融數據要素潛能，激發金融創新活力和社會內生動力，是開啟數字金融的鑰匙，是培育金融新質生產力的引擎。

　　數據是數字金融發展的重要驅動力。有別于傳統生產要素，數據要素具有非競爭性、規模經濟、強協同性等特點，能夠賦能其他生產要素，改變生產方式，提高生產效率。充分挖掘和高效運用金融數據要素的乘數效應，可以實現風險管理實時化、決策支持智能化、資源配置精準化，提高金融服務的效率和質量，拓寬金融服務邊界，將金融資源更精準地配置到經濟社會發展的重點領域和薄弱環節，滿足多層次實體經濟需求。

　　數據管理是促進金融數據要素價值釋放的核心。高效的數據管理體系涵蓋以數據治理為核心的數據資源化，以數據資產估值為核心的數據資產化，以及各環節的數據安全治理，能夠將沉睡的原始數據轉化為有價值、體系化的數據資產，形成數據驅動型資源配置和產品服務體系，讓數據在管理流程、業務應用場景中得到持續深入的利用，并通過數據交易流通實現要素市場化配置，充分挖掘與釋放金融數據價值，從而實現真正的數盡其用。

　　金融基礎設施發揮數字變革引領作用。金融基礎設施作為連接市場各參與方的“管道”與“樞紐”，匯聚金融市場數據資源，形成龐大、多樣且充滿活力的數據生態系統，是重要的數據生產者、使用者和服務者。基于中立地位，金融基礎設施通過對數據資源的高效整合和深度挖掘，能夠為破解市場信息不對稱、金融資源供需周期性失衡等行業經典難題提供更加精準的資源配置支持，推進數據的要素化、市場化、價值化，打破信息孤島，推動實現金融體系運行效率倍增。

　　數據是時代的未來，在“十五五”戰略機遇期，金融機構和行業應強化數據思維，提升創新意識，探索以數據為生產要素，以技術為生產工具的金融新業態、新生態和新模式，加快推進數字金融發展，建成與數字經濟發展高度適應的金融體系，在全球數字化發展大潮中提出中國方案，交出中國答卷！

　　Unleashing the Vitality of Data Elements and Promoting Digital Finance

　　Zhong Yan

　　With the new round of technological revolution， the digital economy is flourishing， which has a profound impact on economic structure， industrial transformation and even social governance． It also requires the financial sector to accelerate digital transformation， promote digital finance and develop new quality productivity． Data is a fundamental and strategic resource in the digital age， and a key production factor of the digital economy． Unleashing the potential of financial data and stimulating financial innovation is key to growing digital finance and cultivating the new quality productivity in finance．

　　Data is an important driving force for the development of digital finance． Unlike traditional production factors， data features non-competitiveness， economies of scale and strong synergy， which can empower other production factors， change production methods and improve production efficiency． Tapping into and utilizing the multiplier effect of financial data will enable real-time risk management， intelligent decision making and precise resource allocation， thus enhancing the efficiency， quality and scope of financial services to address key areas and challenges in socio-economic development and meet the needs of the multi-level real economy．

　　Data management is critical in unleashing the value of financial data． An efficient data management system comprises data resource utilization with data governance as the core， data asset valuation and data security governance in all processes． It can transform dormant raw data into valuable and systematic assets， forming a data-driven resource allocation and product/service system． This will allow data to be utilized in management processes and business scenarios， and enable market-oriented allocation of factors through data trading and circulation， thus fully releasing the value of financial data．

　　The financial market infrastructure （FMI） plays a leading role in digital transformation． Serving as the “pipeline” and “hub” connecting market participants， the FMI gathers financial market data resources to form a vast， diverse and dynamic data ecosystem and thus functions as a crucial producer， user and service provider of data． Based on its neutral position， the FMI can provide more accurate resource allocation support for addressing challenges such as market information asymmetry and cyclical imbalance of financial resource supply and demand through efficient integration and deep mining of data resources． It can run data in a factor-based and market-oriented way to unleash the value of data and enhance the operational efficiency of the financial system． 

　　Data is the key to the future． During the strategic opportunity period of the 15th Five Year Plan， financial institutions and the entire financial industry need to take data as a priority and enhance innovation to explore new business models and ecosystems with data as the production factor and technology as the production tool． In this way， they can accelerate the development of digital finance， build an enabling financial system， and present the Chinese solution to the global agenda of digital development．

　　◇ Editors： Du Zexia， Lu Ningning

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責任編輯：趙思遠