Event overview
Li Keqiang, the premier of the National People’s Congress, said: “we need to ensure the privacy of people’s daily use of e-identity cards in the morning of the 13th session of the National People’s Congress. Of course, we need to implement the new policy of ensuring the security of people’s daily use of e-identity cards after the closing of the 5th session of the National People’s Congress on March.”
The electronization of ID card will be realized within this year, and digital identity will come
Compared with physical ID card, the advantages of electronic ID card mainly lie in its convenience, necessity and interactivity. The necessity is reflected in that at present, the electronic certificate is a necessary component for the public security organ to deeply implement the network service. It is an important way to solve the problems of “difficult work” and “false testimony”. It is conducive to innovating the government work mode, further improving the administrative efficiency and service ability of the government, and creating a good development environment. We believe that with the deepening of policies, the digital economy, especially the electronic ID card close to people’s livelihood, is expected to usher in rapid development.
There are many advantages of digital identity, which is the only way for China’s digital process. There are three advantages of digital identity: (1) users can use personal information flexibly. (2) The service provider shall provide customized services. (3) The government communicates with citizens more efficiently. With the help of digital identity system, regulators can strengthen supervision and improve the pertinence and effectiveness of supervision. The electronization of ID card is the only way in the digitization process of China’s 14th five year plan.
The beneficiary objects include Beijing Certificate Authority Co.Ltd(300579) , Jilin University Zhengyuan Information Technologies Co.Ltd(003029) , Westone Information Industry Inc(002268) , Synthesis Electronic Technology Co.Ltd(300479)
Premier Li Keqiang proposed to promote the development of digital economy and strengthen the overall layout of Digital China construction. Improve the governance of digital economy, release the potential of data elements, and better enable economic development and enrich people’s lives. Along the main line of digital economy, we believe that the main beneficiaries are:
1) Beijing Certificate Authority Co.Ltd(300579) , the leader of electronic authentication service, directly benefits from the electronization of ID card. The company mainly provides customers with electronic signature generation, electronic signature verification, electronic signature information management and other services
2) Jilin University Zhengyuan Information Technologies Co.Ltd(003029) , information security provider and leading electronic certification enterprise, providing Beijing Certificate Authority Co.Ltd(300579) products for government, state-owned enterprises and other departments.
3) Westone Information Industry Inc(002268) , a provider of government security products. For a long time, it has provided basic password products, general security products, industrial application products and products in emerging technology fields for customers such as party and government, central enterprises, finance and energy.
4) Synthesis Electronic Technology Co.Ltd(300479) , mainly engaged in identity authentication business, mainly providing identity card authentication terminal, interface software and industry application system software.
Risk tips
1) the implementation of digital economy policy is less than expected; 2) The maturity of digital economy technology is less than expected; 3) The growth rate of the industry was lower than expected. 4) Macroeconomic downside risks.
