Hunan big data exchange starts trial operation

The Hunan Big Data Exchange (HBDE) at the Tianxin District Economic Development Zone started trial operation and received an inspection delegation for Changsha's key projects on January 11, 2022. It is the fifth new big data exchange nationwide, after those in Guizhou, Shaanxi, Beijing, and Shanghai, and first in central China. It is expected to achieve an operation revenue of 500 million yuan and be listed, within five years.

HBDE was established after four-year preparations. In May 2018, the Changsha Municipal People’s Government reached a cooperation agreement with the National Development and Reform Commission and its National Geographic Information Center in giving support for six collaborative projects, including HBDE. In 2019, the Hunan Geographical Information Industrial Park achieved an annual output value of 5 billion yuan, which laid a foundation for big data exchange. In 2020, an overall plan for Hunan’s trading places during 2020 and 2025 was issued, in which HBDE was shortlisted for the 100 landmark projects of Hunan’s new digital infrastructures. In July the same year, the HBDE main building project was launched, and its construction began in January and concluded in August the following year. In December 2021, HBDE was officially named.

There are 103 data products ready for exchange, covering such fields as finance, insurance, logistics, and geographical information. More than 150 units have registered for membership.

Translator: Pang Yuehui