STATUS, SHORTAGE AND SUGGESTIONS OF FINANCIAL DATA FACTOR MANAGEMENT IN CHINA

Deng Haoming, Huang Rui, Mo Di, Huang Jiamin

Abstract


China's financial industry is facing the challenges of rapid development and digital transformation. The status, influencing factors and suggestions of financial data factor management are crucial to ensure the data quality and security of financial institutions. This paper reviews the status quo of financial data factor management in China, including challenges and opportunities in data integration, data standardization, and data security. At the same time, factors that affect the management of China's financial data factors, such as regulatory requirements, technological innovation, and market competition, are also proposed and analyzed in this paper. Finally, after comparing with more mature data management solutions and data trading markets in United Kingdom, some suggestions are provided to help Chinese financial institutions improve their data factor management level, including the introduction of relevant policies, Suggestions on strengthening data rights verification, improving data factor pricing, and data desensitization.

 

Keywords: Data Factors, Financial Data Factors, Chinese Status on Data Management


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