Event:
According to the financial Associated Press, on March 5, Premier Li Keqiang delivered a government work report to the fifth session of the 13th National People’s Congress on behalf of the State Council.
Comments:
The government work report mentioned many contents related to scientific and technological innovation. In view of the work tasks in the field of science and technology, the government work report proposes to improve the ability of scientific and technological innovation, implement the ten-year plan for basic research and the three-year plan for the reform of the scientific and technological system, and support all localities to increase investment in science and technology. At the same time, we should strengthen the incentive for enterprise innovation, increase the proportion of R & D expenses of scientific and technological small and medium-sized enterprises from 75% to 100%, implement tax incentives for enterprises to invest in basic research, improve policies such as accelerated depreciation of equipment and appliances and income tax incentives for high-tech enterprises, and further encourage enterprises to increase R & D investment and promote scientific and technological innovation.
At the same time, the government work report makes an in-depth interpretation of the digital economy. The government work report proposes to strengthen the overall layout of Digital China Construction, build digital information infrastructure, promote the large-scale application of 5g, and promote the digital transformation of industry; Accelerate the development of industrial Internet, cultivate and expand digital industries such as integrated circuits and artificial intelligence, and improve the innovation and supply capacity of key software and hardware technologies; Improve digital economic governance. Since this year, under the escort of intensive policies, the attention of the digital economy has been further improved. This government work report has made an in-depth interpretation of it, and the importance of developing the digital economy will be further highlighted. The digital economy is expected to become one of the important driving forces for steady growth this year.
In addition, areas such as network security and financial technology have also been highlighted. In terms of network security, the government work report proposes to strengthen network security, data security and personal information protection. Recalling that in 2021, a series of important policy documents to promote the development of the industry, such as the three-year action plan for the high-quality development of the network security industry (20212023) (Draft for comments) and customs protection, were intensively issued, indicating that the state has further paid more attention to network security; At the same time, China’s digital process continues to accelerate, and the rapid integration and development of new generation information technologies such as “Yunda material relocation” has also bred new security needs and application scenarios. Under the resonance between policy and demand, the demand for network security is expected to be continuously released. Fintech: the government work report proposes to fully implement the stock issuance registration system; Innovate scientific and technological financial products and services. With the comprehensive promotion of the registration system, the demand for securities asset management it is also expected to continue to expand.
Investment suggestion: in combination with the relevant documents intensively issued recently to support the development of the industry and the expression of scientific and technological innovation in the government work report, the importance of developing the digital economy will be further highlighted, and the digital economy is expected to become one of the important driving forces for steady growth this year. It is suggested to seize the opportunity of China’s digital transformation, focus on the “hardware and software” base, and focus on data elements, data security, data governance and other fields. In addition, the government work report also mentioned the comprehensive registration system, innovative technology financial products and services, and suggested paying attention to the IT field of securities asset management. Suggestions on the subject matter: securities asset management it: Hundsun Technologies Inc(600570) ( Hundsun Technologies Inc(600570) ), etc. Cloud Computing: Yonyou Network Technology Co.Ltd(600588) ( Yonyou Network Technology Co.Ltd(600588) ), Inspur Electronic Information Industry Co.Ltd(000977) ( Inspur Electronic Information Industry Co.Ltd(000977) ), Shanghai Baosight Software Co.Ltd(600845) ( Shanghai Baosight Software Co.Ltd(600845) ), Glodon Company Limited(002410) ( Glodon Company Limited(002410) ), etc. Xinchuang: Dawning Information Industry Co.Ltd(603019) ( Dawning Information Industry Co.Ltd(603019) ), China Greatwall Technology Group Co.Ltd(000066) ( China Greatwall Technology Group Co.Ltd(000066) ), China National Software And Service Company Limited(600536) ( China National Software And Service Company Limited(600536) ), etc. Network security: Venustech Group Inc(002439) ( Venustech Group Inc(002439) ), Qi An Xin Technology Group Inc(688561) -u ( Qi An Xin Technology Group Inc(688561) ), Nsfocus Technologies Group Co.Ltd(300369) ( Nsfocus Technologies Group Co.Ltd(300369) ), etc. Artificial intelligence: Iflytek Co.Ltd(002230) ( Iflytek Co.Ltd(002230) ), Zhejiang Dahua Technology Co.Ltd(002236) ( Zhejiang Dahua Technology Co.Ltd(002236) ), Hangzhou Hikvision Digital Technology Co.Ltd(002415) ( Hangzhou Hikvision Digital Technology Co.Ltd(002415) ), etc. Intelligent automobile: Thunder Software Technology Co.Ltd(300496) ( Thunder Software Technology Co.Ltd(300496) ), Huizhou Desay Sv Automotive Co.Ltd(002920) ( Huizhou Desay Sv Automotive Co.Ltd(002920) ), etc.
Risk warning: policy promotion is not as expected; Technology advancement is less than expected; Intensified industry competition, etc.
