Abstract：Digital capital is a form of capital that is carried by digital production factors, created by digital labor, and realizes value growth. The dual contradiction between the general value appreciation of digital capital and the particularity of social production relations drives the development of social production modes. The historical logic of the duality of digital capital indicates that it gradually evolved from the initial form of currency to capital, and as a new form of capital, it is a product that adapts to the development of the technological revolution, which is the determining factor of productivity; The theoretical logic of the duality of digital capital indicates that the duality of digital capital exists in the contradictory movement of the unity and opposition between productive forces and production relations, and its value appreciation is generally manifested through the social production relations characteristics determined by the highly integrated digital productive forces with science and technology; The realistic logic of the duality of digital capital indicates that the digital capital in digital capitalist society constantly generates new contradictions with the social production relations it depends on. In the process of continuously strengthening value appreciation, it will inevitably reach the end point of capital logic and become a shackle to social development. In the primary stage of socialism in our country, digital capital, as a contradictory unity of generality and particularity, promotes the development of socialist market economy. We should construct a socialist digital capital market system with Chinese characteristics under the framework of the unity of new quality productivity and new production relations, deeply integrate AI technology to build a diversified data element trading platform for trading subjects, regulate the disorderly expansion of digital capital, empower the multiplier growth of new quality productivity through digital technology innovation, lead inclusive economic development, and achieve common prosperity for all people.
邓春玲, 郭志娟. 数字资本二重性的历史逻辑、理论逻辑与现实逻辑[J]. 《深圳大学学报》（人文社科版）, 2025, 42(4): 63-74.
DENG Chun-ling, GUO Zhi-juan. The Historical, Theoretical, and Realistic Logic of the Dual Nature of Digital Capital. , 2025, 42(4): 63-74.
2025, Vol. 42 
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