Research conclusion
Recently, there are several very important events in digital economy supervision, and the information contained therein will lay the tone for the future development of the industry, mainly including the following:
Xi Jinping general secretary's article sets the tone for the development of digital economy. The second issue of Qiushi magazine, published on January 16, published an important article "constantly strengthening, optimizing and expanding China's digital economy" Xi Jinping by the general secretary of the CPC Central Committee, the president of the state and the chairman of the Central Military Commission. It has a large amount of information: (1) it has a global vision and pays close attention to the policy guidance of other countries, Digital economy is the key force to change the global competition pattern—— "Countries are competing to formulate digital economy development strategies... The speed of digital economy development, the scope of radiation and the depth of influence are unprecedented. It is becoming a key force in restructuring global factor resources, reshaping the global economic structure and changing the global competition pattern... Compared with the world's big and powerful digital economy countries, China's digital economy is large but not strong, fast but not excellent"; (2) It is emphasized that the policy context of attaching importance to the digital economy has never changed. Supervision is the governance of "unhealthy and non-standard signs and trends". These problems not only affect the healthy development of the digital economy, but also violate laws and regulations and pose a threat to the national economic and financial security, which must be resolutely corrected and dealt with; (3) The article emphasizes several development directions of digital economy, including strengthening key core technology research (improving the basic R & D capacity of digital technology and firmly mastering the autonomy of developing digital economy), accelerating the construction of new infrastructure (5g network, national integrated data center and national industrial Internet), promoting the integrated development of digital economy and real economy Promoting the development of digital industry in key areas (integrated circuit, new display, communication equipment, intelligent hardware), etc., involves a large number of digital economy related subdivided industries, focusing on digital economy serving hard technology and combining with traditional industries.
Platform economy has entered the vision of anti-corruption. On January 20, the communique of the Sixth Plenary Session of the 19th Central Commission for discipline inspection was published. The communique mentioned that efforts should be made to investigate and deal with the corruption behind the disorderly expansion of capital and platform monopoly, and cut off the link between power and capital. This means that legal system construction and anti-corruption will also become an important part of platform economic supervision.
Make up for the shortcomings of the system and go to the next city. Recently, the national development and Reform Commission and other departments jointly issued several opinions on promoting the healthy and sustainable development of platform economic norms: (1) the opinions put forward specific requirements for subsequent institutional norms that need to be further improved, including the establishment of platform compliance management system, the establishment of Internet platform information publicity system, and the establishment and improvement of platform economic fair competition supervision system, Improve the supervision system of "classification + negative list" of cross-border data flow, explore and formulate the security system of Internet information service algorithm, and so on; (2) Several key points of supervision have been clarified, such as strengthening the crackdown on the illegal operation of platform enterprises in the field of travel, strengthening the tax supervision of platform enterprises, managing the exclusive or "one out of two" behavior in the payment process according to law, strictly regulating the investment and shareholding of platform enterprises in financial institutions and local financial organizations, and so on; (3) Consistent with the Qiushi article of Xi Jinping general secretary, the opinions focus on guiding the platform economy to serve high-quality development and high-quality life, including guiding to reduce the operating costs of platform economy participants, guiding platform enterprises to increase investment in "hard science and technology" innovation, guiding platform enterprises to transform and upgrade enabling manufacturing industry, promoting agricultural digital transformation Promote the expansion of domestic demand and other aspects to create greater value.
Based on the above developments, we believe that compared with the strong supervision in the early stage, various recent policy signals show that the prominent focus of the policies for the digital economy in the next stage will be to guide its development direction, especially to encourage the platform economy to enable traditional industries.
Risk tips
Internet companies have new regulatory risk events in the fields of cross-border data transmission, personal information protection and antitrust.
