SINGAPORE - Media OutReach - 24 November 2022 - The first stop of the Global Data Ecosystem Conference 2022 kicked off in Singapore on the afternoon of Nov. 22. The Singaporean stop is themed "International Data Trading Practice and Data Ecosystem Construction" and will have Singaporean government departments and agencies, as well as well-known international institutions and companies, as guests. The conference aims to promote the high-level opening-up of the data factor market, activate internal technology and capital flows and trade logistics relying on data flows, share data exchange practices, and co-build a new global data ecosystem according to the Digital Economy Partnership Agreement (DEPA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and other internationally generally accepted rules for the digital economy. The Singaporean stop is an important part of this year's conference. It is hosted by the Shanghai Data Exchange under the guidance of the organizing committee of the Global Data Ecosystem Conference and co-hosted by Yicai Media Group, with the help of SGTech, the leading trade association for Singapore's tech industry, the International Data Spaces Association, Cosco Shipping Technology, and Chinese blockchain conglomerate OKG. The success of the Singaporean stop is a good start for the conference. It helps build access to the international data factor market and data exchange, pursues and strives for development with a global perspective, advances the construction of a new global data ecosystem, and is also a significant gateway. The conference will reportedly hold 20 high-level forums in Shanghai, Singapore, Shenzhen, Chongqing, and Hefei on the themes of "Basic Institutional Theories for Data Factors," "Laws, Standards, Rules for Data Factors," "Data Factor Exchange Ecosystem," "Key Technologies for Data Factor Circulation," "Data Factor Asset Practice," and "Global Cooperation of Data Factors." More than 500 data ecosystem companies and professional agencies, as well as over 200 guest speakers, will participate in the conference to discuss new forms, patterns, and development directions of the data ecosystem and promote data factor circulation and the development of the digital economy. Shanghai and Singapore Share Opportunity as China Opens Up The report to the 20th National Congress of the Communist Party of China stressed accelerating the development of the digital economy, further integrating the digital economy with the real economy, and building internationally competitive digital industry clusters. The digital economy is becoming a key force in reorganizing global factor resources, reshaping the global economic structure, and changing the global competition pattern. It is also an important foundation for accelerating the transformation of human society and promoting the construction of digital civilization. China is speeding up the application to join the CPTPP and the DEPA to match the world's leading international rules on the digital economy, expand the opening up of the digital economy, and promote the orderly flow of data. Singapore has been successful in building a data factor market in recent years, and SGTradex, a data-sharing and exchange platform based on trade logistics, and SGFinDex, a data-sharing platform based on finance, have laid a solid foundation for Singapore's digital economy. With the mission of "building a data factor market and promoting data capitalization," the Shanghai Data Exchange has set up the first overseas branch, in line with the positioning of building a national data exchange. The Shanghai Data Exchange picked Singapore as the first stop for "going overseas" and officially established a liaison office there to lay the foundation for the construction of the Shanghai Data Exchange's international department, bridge Shanghai and Singapore, and promote the interconnection of their data ecosystems, so as to provide experience for international data flow principles and step up the global layout of the digital business ecosystem. Lu Yong, vice president of the Shanghai Data Exchange, and Antoine Cadoux, chief executive officer of SGTraDex Services, jointly unveiled the Shanghai Data Exchange-Singapore Liaison Office. Heavyweight Guests Discuss About New Ecology of International Data Exchange Lu Yong introduced the scale, main driving forces, development speed, and other factors of China's data circulation and exchange market in a keynote speech named "Data Factor Market Building in China." He noted that the "data ecosystem," a concept first proposed by China, plays an indispensable role in data generation, innovative use, data circulation and exchange, data technology innovation, data governance and management, and others. China's experience in data ecosystem development will be beneficial to promote the integrated development of the international data ecosystem, Lu pointed out. Antoine Cadoux, Boris Otto,...