I. the release of the 14th five year plan for the development of financial standardization is conducive to financial innovation / digital currency
On February 8, the people’s Bank of China, together with the State Administration of market supervision, the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission, jointly issued the 14th five year plan for the development of financial standardization. The plan requires to “promote the construction of safe and controllable standards for the core technology of informatization in the financial industry”, and systematically promote the construction of standard systems such as financial information technology innovation business constraints, technical interfaces, adaptation verification, R & D testing and maturity evaluation. The plan also proposes to “steadily promote the development of legal digital currency standards”, comprehensively consider safe and reliable infrastructure, issuance system and storage system, registration center, payment transaction communication module, terminal application, etc., and explore the establishment and improvement of legal digital currency infrastructure standards.
II. Financial credit innovation is advancing rapidly and is optimistic about the bank’s it double leaders
In the “2 + 8” system, credit innovation in the financial industry bears the brunt, leading eight industries. 2021-2023 is the application cycle of Xinchuang scale. It is judged that 2022 is the peak year of comprehensive investment. With the acceleration of financial information innovation, bank it will continue to benefit. The role of bank IT manufacturers will also move from followers to leaders, and the voice is expected to be gradually improved. Taking the replacement of distributed core systems as an opportunity, bank it integrated solutions are expected to become the mainstream. The product model will be the future trend, and the bank’s IT business model is expected to be improved. The leading manufacturers will meet great development opportunities, the industry is expected to become concentrated, and the leaders may be ready to come out. Firmly optimistic about the bank’s it double leaders: Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) , and other core beneficiary manufacturers include: Northking Information Technology Co.Ltd(002987) , Digital China Information Service Company Ltd(000555) , Tansun Technology Co.Ltd(300872) , Global Infotech Co.Ltd(300465) .
III. The industrial chain will continue to benefit from the orderly promotion of digital RMB
1) from the perspective of ecological operation: Bank IT manufacturers usher in system transformation and scenario operation opportunities. Commercial banks have become an important subject of DCEP issuance (exchange), and bank IT manufacturers have ushered in system transformation and scenario operation opportunities. Combined with the current scenario expansion process of the central bank, we believe that we should focus on the head bank IT manufacturers at this stage, with both the certainty of bank side it transformation and the imagination space of scenario operation. Focus on Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) , Digital China Information Service Company Ltd(000555) . Other beneficiary manufacturers include Tansun Technology Co.Ltd(300872) , Northking Information Technology Co.Ltd(002987) , Global Infotech Co.Ltd(300465) .
2) from the perspective of hardware Wallet: financial equipment manufacturers will also usher in large-scale transformation opportunities. The downstream hard wallet is an important part of the circulation link. As the main payment terminals, smart POS and ATM will take the lead in releasing the transformation demand. This foreign card, visual card, bracelet and other hard wallet carriers also have transformation expectations. The beneficiary objects include Chutian Dragon Co.Ltd(003040) , Urovo Technology Co.Ltd(300531) , Newland Digital Technology Co.Ltd(000997) , Xgd Inc(300130) , Lakala Payment Co.Ltd(300773) , Grg Banking Equipment Co.Ltd(002152) .
Investment advice
Reiterate that they are firmly optimistic about leading companies with card advantages in prosperous tracks such as cloud computing SaaS, energy it, financial technology, intelligent driving and artificial intelligence, and actively recommend the following seven investment main lines: 1. Cloud computing SaaS: focus on enterprise SaaS leader Yonyou Network Technology Co.Ltd(600588) , office software leader Beijing Kingsoft Office Software Inc(688111) (joint coverage with small and medium-sized markets) and super Integration Leader Sangfor Technologies Inc(300454) . 2. New energy it: focus on recommending energy SaaS leader Longshine Technology Group Co.Ltd(300682) (joint coverage of communication groups), distribution network dispatching pioneer Dongfang Electronics Co.Ltd(000682) , and domestic energy BIM software leader Beijing Forever Technology Co.Ltd(300365) . 3. Fintech: focus on recommending securities it Hundsun Technologies Inc(600570) . In addition, Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) , Hithink Royalflush Information Network Co.Ltd(300033) all welcome the upswing of the boom. 4. Intelligent driving: the vehicle OS leader Thunder Software Technology Co.Ltd(300496) , the intelligent cockpit leader Huizhou Desay Sv Automotive Co.Ltd(002920) (joint coverage of vehicle groups) and the high-precision map leader Navinfo Co.Ltd(002405) are recommended as the key beneficiaries. 5. Artificial intelligence: the intelligent voice faucet Iflytek Co.Ltd(002230) is recommended. 6. Network security: focus on recommending emerging security double leaders Qi An Xin Technology Group Inc(688561) + Sangfor Technologies Inc(300454) , Dbappsecurity Co.Ltd(688023) as a subdivision of emerging security leaders will also benefit in depth. Other benefit targets include: Venustech Group Inc(002439) , Xiamen Meiya Pico Information Co.Ltd(300188) . 7. Xinchuang: domestic WPS leading manufacturer Beijing Kingsoft Office Software Inc(688111) (jointly covered with small and medium-sized disk groups), domestic middleware leading Beijing Tongtech Co.Ltd(300379) , domestic PDF leading Fujian Foxit Software Development Joint Stock Co.Ltd(688095) , and domestic server leading Dawning Information Industry Co.Ltd(603019) .
Risk tips
Market systemic risks, the landing of scientific and technological innovation policies is less than expected, and the game between China and the United States is an emergency.
