matter:
Recently, the central network security and Informatization Commission issued the National Informatization Plan for the 14th five year plan (hereinafter referred to as the plan) to make deployment arrangements for China’s informatization development during the 14th Five Year Plan period.
Ping An View:
The plan is an important part of the national informatization development strategy and defines the new development tasks in the new period. In July 2016, the office of the CPC Central Committee and the office of the State Council issued the outline of national informatization development strategy, defined the three-step strategy of China’s informatization, and defined the development goals of the 13th five year plan, the 14th five year plan and the middle of this century. By 2050, informatization will fully support the construction of a prosperous, strong, democratic, civilized and harmonious modern socialist country. The status of a network power will be increasingly consolidated, and there will be greater achievements in leading the development of global informatization. The plan focuses on the second step of the national informatization development strategy, focusing on improving infrastructure construction, expanding the scale of information consumption, solving the problems that key core technologies are controlled by others, and realizing the phased objectives of advanced technology, developed industry, leading application and indestructible network security. In the “plan”, the central government has updated the definition of the stage of China’s informatization development during the “14th five year plan”. The “13th five year plan” is the starting stage for new breakthroughs in communication and information technology. During the “14th five year plan” period, China’s informatization has entered a new stage of accelerating digital development and building a digital China.
The plan will guide the innovation of information technology and the development of digital economy, and support the expansion of the proportion of IT investment. From the perspective of the goal setting of the plan, in order to bridge the gap of China’s digital infrastructure and meet the needs of China’s digital economic development and international scientific and technological competition, China will continue to strengthen the construction of a new generation of information infrastructure. It is expected that by 2025, The penetration rate of 5g users should reach 56% (15% in 2020); the number of users with bandwidth above Gigabit should reach 60 million, nearly 10 times that at the end of 2020. Compared with the 13th five year plan, this plan pays more attention to technological innovation and digital economy development. In terms of technological innovation, we should actively guide enterprises and society, increase R & D investment and increase the proportion of IT project investment It is proposed for the first time that the proportion of IT project investment in the total fixed asset investment of the whole society will rise from 3.5% in 2019 to 5.8% in 2025, which will create huge demand space for China’s IT software, hardware and information services. At the same time, the plan has added expected indicators such as the proportion of core industries of digital economy, the level of industrial digitization and the cloud rate of industrial equipment. At the same time, the plan will continue to put network security in an important position, continue to improve relevant laws and regulations, strengthen research and development to improve protection capacity, standardize data use, strictly prevent data leakage, and create an “indestructible” network environment.
The plan defines 17 key projects and provides support for achieving development goals. The 17 key projects mainly include “5g innovation and application project”, “intelligent network connection facility construction and application promotion project”, “national integrated big data center system construction project”, etc. Among them, “5g innovation application project” proposes to cultivate 5g technology application ecology, including “5g + industrial Internet”, VR / AR, etc. The construction of 5g application ecology is an important driving force to improve the popularity of 5g users in China. The implementation of “5g innovation and application project” will further accelerate the development of China’s 5g industry. “The ‘intelligent Internet connection’ facility construction and application promotion project” emphasizes the innovation demonstration of Internet of vehicles application, proposes to select and build a national leading area of Internet of vehicles, accelerate the construction of intelligent Internet connection vehicle road infrastructure and 5g-v2x Internet of vehicles demonstration network, and improve on-board intelligent equipment, roadside communication equipment “People, vehicles, roads, clouds and networks” synergy of road infrastructure and intelligent control facilities to realize advanced automatic driving applications above L3 level. China’s automatic driving vehicle chooses the fusion route of “cycling intelligence plus vehicle road coordination”. Enhance the synergy of “people, vehicles, roads, clouds and networks”, It will accelerate the implementation of China’s advanced autonomous vehicles (above L3). Generally speaking, 17 key projects put forward requirements for the development of China’s informatization during the 14th Five Year Plan period from 5g, intelligent network connected vehicles, data center, industrial Internet and other aspects. The implementation of these 17 key projects will further improve the development level of China’s informatization.
Investment suggestion: the plan is a programmatic document for China’s information construction during the 14th Five Year Plan period, which will play a positive leading role in industry development and investment. We expect that with the implementation of the key tasks of the plan, during the “14th five year plan” period, the digital economy will enter the fast lane of development, infrastructure construction will rise to a higher level, technology R & D and supply chain support are expected to make new breakthroughs, and technology applications will continue to be implemented. We continue to be optimistic about the main track of digital economy. We suggest paying attention to topics such as intelligent Internet connected vehicles, VR / AR, network security, cloud computing, industrial Internet, artificial intelligence and so on. Strongly recommend Thunder Software Technology Co.Ltd(300496) , Venustech Group Inc(002439) , Glodon Company Limited(002410) , recommend Autel Intelligent Technology Corp.Ltd(688208) , Dbappsecurity Co.Ltd(688023) , Sangfor Technologies Inc(300454) , Iflytek Co.Ltd(002230) , Inspur Electronic Information Industry Co.Ltd(000977) , Unisplendour Corporation Limited(000938) , Yonyou Network Technology Co.Ltd(600588) , Beijing Kingsoft Office Software Inc(688111) .
Risk tips: 1) the progress and support of policy implementation may not be as expected; 2) The digital transformation of traditional industries is not progressing smoothly; 3) The game between China and the United States in the field of science and technology has intensified.
