On April 19, Xi Jinping chairman presided over the 25th meeting of the Central Committee for comprehensively deepening reform, deliberated and adopted the guiding opinions on strengthening the construction of digital government, guiding opinions on further promoting the reform of financial system below the provincial level and other documents Xi Jinping when presiding over the meeting, he 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. The meeting pointed out that strengthening the construction of digital government is an important measure to innovate the concept and mode of government governance, which is of great significance to accelerate the transformation of government functions and build a government ruled by law, a clean government and a service-oriented government.
Since 2022, together with the meeting of the Shenzhen Reform Commission, China has emphasized digital government and digital public services in high-level documents and occasions for three times: 1) on January 12, in the “14th five year plan” digital economy development plan issued by the State Council, it was proposed that the five development goals of digital economy correspond to “digital transmission from west to East”, “industrial software / intelligent manufacturing”, “industry / financial information innovation” and “digital government” respectively, Digital government is one of the five goals of digital economy. It is proposed that the scale of online government real name users will increase from 400 million in 2020 to 800 million in 2025, and “continuously improve the digital level of public services” ranks fifth among the eight key tasks. Digital government is an important part of digital economy. 2) On March 5, Premier Li Keqiang stressed in his 2022 government work report that “strengthen the construction of digital government, promote the sharing of government data, further reduce all kinds of certification matters, expand the scope of” inter provincial general handling “, basically realize the exchange and mutual recognition of electronic certificates, facilitate the cross regional operation of enterprises, and speed up the handling of matters of concern to the masses.”
According to the China Academy of information technology, China’s government informatization can be divided into three stages: e-government, e-government and Digital Government: 1) e-government stage: from the early 1980s to the early 21st century. In this stage, the government starts the construction of economic management informatization as the main symbol, takes improving the efficiency of office and administrative management as the main goal, and takes the digital dissemination of government information as the main feature; 2) E-government stage: from 2002 to 2016. This stage is mainly marked by the release of the guiding opinions of the National Informatization Leading Group on China’s e-government construction, with the main goal of improving the efficiency of government services and the main feature of building business systems and online service halls; 3) Digital government stage: since 2017. This stage is mainly marked by the first national digital government reform and construction plan issued by Guangdong Province, with the main goal of promoting the modernization of national governance system and governance capacity, and the main feature of promoting the all-round digital transformation of government functions.
We believe that the internal logic of digital government lies in the change of government governance mode. Its core is to build an accessible, intelligent, convenient, fair and inclusive digital service system, which is just a need for deeper government governance. On the basis of inheriting e-government and online government affairs, the construction content will put more emphasis on connectivity and collaborative linkage, and expand from simple government informatization to smart city In the field of social service digitalization, the content and the construction requirements of the construction will be improved. For example, in the “digital economic development plan” of 14th Five-Year, the “Internet plus government services” and the social services digitalization are parallel to the public service digitalization level. The promotion of digitalization of public services in the fields of culture, education, health care, MICE tourism and sports fitness is an important content.
In 2022, many documents will raise the construction of digital government to the national top-level design, which is expected to continue to be implemented in various fields in the future. We are optimistic about investment opportunities in the field of government informatization.
Suggestions for attention: Iflytek Co.Ltd(002230) , Xindian software, Fujian Boss Software Corp(300525) , Servyou Software Group Co.Ltd(603171) , Beijing Egova Co.Ltd(300075)
Market and sector trend review:
This week, the computer sector fell by 4.68%, the gem index fell by 6.66% in the same period, and the CSI 300 fell by 4.19%.
Risk tip: the macro-economy is depressed, major changes have taken place in sector policies and major changes have taken place in the international environment.
