Translator：Wang Yichun

On November 4, 2022, Shanghai Landing Law Offices' digital economy legal team visited the Shanghai Data Exchange for a comprehensive discussion. The Shanghai Data Exchange, an initiative backed by various departments and institutions of the Shanghai Municipal Government, is a pivotal institution dedicated to facilitating the circulation of data elements, unlocking the potential of digital dividends, and fostering the growth of the digital economy. With its mission to "accelerate the establishment of market-based allocation of data and advance the process of data assetization", the Exchange offers efficient, secure, and compliant data trading services. It also encourages diverse entities to enhance data supply and nurtures the emergence of a new "data merchant" business model.

At the meeting, Mr. Wei Zhilin, Deputy General Manager of the Shanghai Data Exchange, delineated the exchange's system architecture, trading mechanisms, tiered delivery, and control measures. He underscored the exchange's instrumental role in bolstering trust in data transactions, orchestrating the systematic growth of the data trading market, and crafting a harmonious data trading ecosystem. He also proffered constructive insights regarding the pivotal role law firms play in the realm of data trading compliance.

Concurrently, Landing's digital economy legal team elucidated their team's structure, service offerings, operational procedures, and past project engagements. They shed light on methodologies to assess data product trading compliance and strategies to sculpt a structured data-centric market. They posited the dual role of law firms in data transactions, encapsulating the dual roles of "Data Compliance Specialist + Data Ecosystem Collaborator", thereby broadening the cooperative horizon for both entities.

Both sides voiced their commitment to deepening discussions on formulating data product trading compliance benchmarks and fostering a close-knit collaboration, collectively championing the positive evolution of the data merchant ecosystem.

(From left to right: Deputy General Manager Wei Zhilin; Senior Partner Attorney Ding Xueming; Senior Advisor Ye Juan; Associate Chen Mengyuan)