Event: the economic work conference of the Shanghai municipal Party committee was held today (December 21). Li Qiang, Secretary of the municipal Party committee, pointed out that we should accelerate the cultivation, growth and development of new momentum, strive to strengthen the layout of “new track” and strengthen “terminal drive”.
Strengthen the forward-looking research and judgment of new technologies, new business forms and new models, let scientists judge the technology prospect, let enterprises find the market demand and let the market verify the track value. Actively seize the digital economy track and comprehensively promote the digital transformation of cities. Pay close attention to the deployment of green and low-carbon tracks and arrange targeted breakthroughs in characteristic parks. Guide enterprises to step up research on the important platform for the interaction between the virtual world and the real society in the future, and timely layout and cut in.
This is the first positive policy statement of the local government on the development of the meta universe. In 2021, China successively issued many policies to guide and support the development of metauniverse related technologies such as blockchain. March “14th five year plan”
In the plan, the blockchain is incorporated into the national five-year plan for the first time, and the blockchain is clearly listed as a key industry of digital economy; In June, the guidance on accelerating the application of blockchain technology and industrial development was issued to actively promote the application pilot, strengthen policy support, guide local governments to accelerate exploration, build a public service system, strengthen industrial talent training and deepen international exchanges and cooperation; In July, the three-year plan for the development of the data center was issued, pointing out that in three years, a new data development pattern with reasonable layout, advanced technology, green and low carbon, and computing power scale commensurate with the growth of digital economy will be basically formed; In October, the notice on organizing the application of blockchain innovation and application pilot was issued, which clearly pointed out that by the end of 2023, a number of typical cases and practice experience of blockchain innovation and application that can be copied and popularized will be formed; In December, the economic work conference of Shanghai municipal Party committee pointed out that enterprises should be guided to step up the research on the important platform for the interaction between the future virtual world and the real society, make timely layout and cut in, and pay high attention to the development of meta universe industry from the central government to the government.
The layout of large factories leads the development, and there are still many uncertainties in the development of meta universe. 1) Tencent has an early layout of yuanuniverse in China, mainly through investment. By 2021, Tencent has equipped a large number of platform companies through investment. The hardware involves VR / AR, and the software involves social networking, game shopping, etc. Since the beginning of this year, byte beat and NetEase have entered the meta universe track one after another. Byte acquired Pico and Netease developed sandbox games and invested in imvu platform, driving the rapid development of the meta universe industrial chain; 2) According to the data of the prospective research institute, since March this year, China began to register yuan universe related trademarks. The number of applications exceeded 50 for the first time in August, peaked at 344 in September, and 22 yuan universe related trademarks were applied in November. However, at present, the development of China’s meta universe is still in its infancy, and there is still a large development gap between computing power and overseas comparison. At the same time, issues such as privacy, intellectual property rights and NFT still need to be observed. In the long run, the development of meta universe is unstoppable, which is an inevitable trend connecting reality and virtual society.
It is suggested to pay attention to: Skyworth Digital Co.Ltd(000810) : smart terminal is the leader, with strong product strength, global customer market and perfect channel construction; Hangzhou Arcvideo Technology Co.Ltd(688039) : the company is deeply engaged in the field of intelligent video, is a leader in coding and transcoding technology in China, and expands the boundary of edge computing product business. Others: Hanwei Electronics Group Corporation(300007) , Anhui Tatfook Technology Co.Ltd(300134) .
Risk tip: the improvement of computing power technology is not as expected; Digital currency risk; Policy and legal risks.
（ Western Securities Co.Ltd(002673) ）
