News Center

Shanghai data exchange sets up digital asset sector

On August 24, 2022, as the key infrastructure of Shanghai's digital transformation and an important achievement of the construction of the data factor market, Shanghai data exchange took the lead in establishing a digital asset sector in China, restructuring the digital asset system, and creating a new model for the deep integration of digital assets and the real economy. On the same day, Shanghai data exchange United Huayi Group's state-owned time-honored brand "Huili" and the first digital asset issuing platform "BiliBili" launched the digital asset "Huili design - the first year".

In this joint release, Huili, as the creator and issuer of digital assets, BiliBili, as the issuance platform, and Shanghai data exchange, as the plate organizer, are responsible for the system construction, asset registration, information announcement, and guaranteed issuance of digital assets. "Huili design - the first year" digital assets will not only give new digital connotation to old state-owned brands, let Huili embrace generation Z and move towards the meta universe, but also help promote the new business form of digital economy that combines virtual reality and promotes reality with virtual reality.

Tang Qifeng, general manager of Shanghai data exchange, said that the Shanghai digital exchange has "five initial launches" to create a new digital asset sector. First, it innovated the new definition of initial digital assets, and defined the "four no's, five no's and six no's" of digital assets. The "four no's" means that the underlying goods are not listed as financial assets, those without clear economic value, those with unclear property rights of digital assets, and those that do not conform to national laws and regulations; "Five can" can be penetrated, confirmed, priced, circulated and traceable; The "six categories", that is, the tradable digital assets at this stage, mainly include six types, including cultural and Expo derivatives, digital cultural creation, consumption scenarios, brand marketing, industrial applications, data and intellectual property. Second, it pioneered the management norms of the digital asset sector and built a framework system of the digital asset sector. Third, we will innovate digital assets that are strongly coupled with the real economy, and rely on the Shanghai digital exchange to complete the registration and issuance of the first digital assets, so that traditional brands and time-honored brands can share the dividends of digital transformation. The fourth is the launch of the digital asset network, which covers the digital asset industry trends, digital asset market quotations, national and local policy guidelines, relevant industrial system norms and other market concerns, and creates a leading digital asset market portal. Fifth, it innovated the first digital account link, as a digital asset management tool for organizations and consumers, to achieve one-stop presentation of digital assets on different chains.

It is reported that the establishment of the digital assets sector will promote the digital transformation of traditional enterprises and the in-depth development of the digital economy. The integration of digital assets and the digital economy will bring about the continuous fermentation of new models. In addition, it will stimulate the entrepreneurial and innovative vitality of the new economy and gradually cultivate new subjects such as creators, issuers, founders and distribution platforms in the digital assets field.