What happened
Starting September 1, two new national standards—the Asset Management Data Asset Classification and Code (GB/T 47949-2026) and the Asset Management Data Asset Registration Guidelines (GB/T 47950-2026)—officially come into force. They are designed to address persistent issues in data asset governance, such as an underdeveloped standards system, unclear rights and responsibilities, and low levels of development and utilization.
The rollout follows the implementation of the Interim Provisions on Accounting Treatment of Enterprise Data Resources, which has already led to gradual adoption of data asset 'entering the table' (recording on corporate balance sheets). The new standards provide classification rules, complete the registration management framework, and bolster institutional supply for the data element market, supporting a governance model led by the market, guided by the government and co-built by multiple parties.
Why it matters
These standards fill a blank in China's national standard system for data asset management and echo earlier policy documents, including the Guiding Opinions on Strengthening Data Asset Management and the Pilot Plan for Whole-Process Management of Data Assets. By clarifying classification and registration, they aim to make the entire lifecycle of data assets traceable and more standardized.
Together with existing policies, they are expected to mobilize individuals, enterprises, research institutions, universities and industry organizations, accelerating the release of data element value. This represents a concrete step toward a more compliant and efficient market for data assets, a key strategic resource in the digital economy.
Key facts
GB/T 47949-2026 and GB/T 47950-2026 take effect from September 1.
The classification standard groups data assets into structured, semi-structured and unstructured data, with 15 subcategories.
The registration standard addresses initial, change and cancellation registration, requiring both asset ledger and accounting book registration.
The standards follow the classification and coding principles of GB/T 14885-2022.
What to watch next
As the policy toolbox for data element market-oriented allocation becomes more complete and the work roadmap clearer, implementation of these standards is likely to deepen across data asset allocation, registration and inventory processes.
With continued efforts to promote marketization and valorization of data elements, the depth and breadth of data asset development and utilization are expected to increase, potentially shaping the next phase of the digital economy.