Main points:
The meeting of the central deep reform commission focused on the construction of Digital Government
On April 19, the Central Committee for comprehensively deepening reform held its 25th meeting and deliberated and adopted the guiding opinions on strengthening the construction of digital government Xi Jinping general secretary, when presiding over the meeting, stressed the need to fully implement the strategy of strengthening the country through network, widely apply digital technology to government management services, promote the digital and intelligent operation of the government, and provide strong support for promoting the modernization of the national governance system and governance capacity. Since 2022, the 14th five year plan for digital economy has clearly proposed to strengthen the overall planning of government information construction and strengthen the construction of government digital governance and service capacity. In the government work report, it is proposed to strengthen the construction of digital government and promote the sharing of government data. We believe that the meeting of the Shenzhen Reform Commission will focus on the construction of digital government. On the one hand, it will accelerate the construction of government informatization, bring considerable market increment, and the prosperity of subdivided fields is expected to improve. On the other hand, it will also inject a booster into the construction of digital economy, form synergy with various digital economy subjects, and accelerate the digital transformation of thousands of lines and industries.
From e-government to digital government, the government actively guides the development of digital economy
According to the differences of digital penetration, we can divide the government digital process into three main stages: 1) e-government stage (20 Huangshan Novel Co.Ltd(002014) ), with government website, microblog and wechat as the main media, focusing on information release and government people interaction; 2) the Internet plus government stage (20152018), which aims to achieve cross regional and cross part data interaction and integration, and promote online government to service online. 3) In the digital government stage (2019 to now), advanced digital technologies such as big data, cloud computing and AI are widely used in all links of government services to build a collaborative and efficient government digital performance capability system. Digital government and digital economy construction are highly linked. On the one hand, new digital infrastructure provides technical support for government digital transformation. At the same time, the rapid development of digital economy and digital society also puts forward higher requirements for government digital transformation; On the other hand, digital government sets a benchmark and provides guidance for the construction of digital economy, and speeds up the combined application of advanced digital technology and industry.
There is great potential for digitalization in many fields, opening up the market space of digital government in an all-round way
In terms of Taxation, the mobile government app is used to realize the handheld one-stop service of residents’ tax payment, tax refund and query; Use the enterprise mobile government service platform to help complete high-frequency services such as enterprise start-up, business license, tax settlement and entrepreneurship subsidies. In terms of transportation, 5g, Internet of things and AI technologies are used to realize perception and connection tracking, build an urban brain to scientifically dispatch traffic resources, and establish a model to alleviate road congestion. In terms of human resources, social security and justice, establish data centers and network hubs, use big data technology to collect and clean all parts of data, and form thematic databases such as population database, legal person database and electronic license database, so as to facilitate government and judicial departments at all levels to call and consult data and realize efficient data interconnection. With the acceleration of the construction of digital government, the relevant industrial chain market is expected to be further opened. According to IDC’s prediction, the market scale of IT solutions in the construction of digital government is expected to reach 24.9 billion yuan by 2024, and the CAGR will maintain 15.7% in five years.
Investment advice
The Shenzhen Reform Commission further mentioned the construction of digital government, which reflects the government’s attitude of leading the development of digital economy. Digitization will accelerate the implementation of the government’s functions of economic regulation, market supervision, social management, public services and ecological and environmental protection. Specifically, we suggest paying attention to:
Government cloud solutions: Iflytek Co.Ltd(002230) , Dawning Information Industry Co.Ltd(603019) , Yonyou Network Technology Co.Ltd(600588) , Inesa Intelligent Tech Inc(600602) ; Smart transportation / City: Pci Technology Group Co.Ltd(600728) , China Transinfo Technology Co.Ltd(002373) , Beijing Egova Co.Ltd(300075) , Hengfeng Information Technology Co.Ltd(300605) , etc; Human resources and social security service platform: Neusoft Corporation(600718) , Insigma Technology Co.Ltd(600797) , Ylz Information Technology Co.Ltd(300096) , Hengfeng Information Technology Co.Ltd(300605) , etc; Tax system and software: Shuiyou software, China National Software And Service Company Limited(600536) , Digital China Information Service Company Ltd(000555) , Aisino Corporation(600271) , etc; Judicial IT solutions: Beijing Thunisoft Co.Ltd(300271) , Shanghai Golden Bridge Infotech Co.Ltd(603918) , tongdahai, Beiming software, etc.
Risk tips
1) the epidemic situation intensifies and reduces the expenditure of enterprise informatization; 2) Fiscal and monetary policies are lower than expected; 3) The supply chain fluctuation increases, affecting the development of science and technology industry.
