Implementation Opinions on Building a Data Base System and Promoting the High-Quality Development of the Data Factor Market
On 24 June 2024, the General Affairs Office of the Guangdong Provincial Committees of the Communist Party of China and the General Affairs Office of the Government of Guangdong Province issued the “Implementation Opinions on Building a Data Base System and Promoting the High-Quality Development of the Data Factor Market” (“the Opinions”). The Opinions propose to build a mechanism for safe and compliant cross-border circulation of data, realise data synergy among Guangdong, Hong Kong and Macao (“GBA”), promote the construction of the Guangzhou Nansha Node as the “International Data Transmission Hub” in the GBA, and support the construction of an international data corridor in the Hetao Shenzhen-Hong Kong Science and Technology Cooperation Zone. The Opinions promote to strengthen the cooperation among universities, research institutes and leading digital enterprises in the GBA, and attracts digital talents to work and start businesses. The Opinions will be implemented from 24 June 2024.