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Hong Kong Stock Concept Tracker | The Metaverse Standardization Working Group of the Ministry of Industry and Information Technology is established! Policies continue to increase the metaverse industry, related enterprises are expected to benefit (with concept stocks)

author:Zhitong Finance

Zhitong Financial App learned that on September 18, the Ministry of Industry and Information Technology publicly solicited opinions on the "Preparatory Plan for the Establishment of the Metaverse Standardization Working Group of the Ministry of Industry and Information Technology (Draft for Comments)". Among them, it is proposed to give priority to the development of industry application standards such as "metaverse + industrial manufacturing"; Strengthen the integration and innovation of technologies in the fields of brain-computer interface, generative artificial intelligence, and quantum information; Carry out research on application standards such as industrial metaverse, urban metaverse, and virtual digital human. Huatai Securities released a research report that the application layer may have great potential under technological iteration, driving the industry-wide production revolution, opening up growth space, and promoting the construction of a metaverse ecosystem. Domestically, the policy trend was further clarified, and the support policies for the metaverse industry in various regions continued to increase in August. Related targets: Baidu Group-SW (09888), Feitian Yundong (06610), NetEase-S (09999), Tencent (00700).

The Plan points out that since the concept of the metaverse was proposed in October 2021, governments, industries and academia have accelerated their layout and carried out a series of work in the fields of technology research, industrial promotion and standard development. In June 2022, the Metaverse Standards Forum was established internationally to carry out standardization work in related fields and promote the development of the metaverse industry with standardization. The Plan emphasizes that the mainland needs to organize domestic key enterprises, scientific research institutes and other advantageous resources as soon as possible, strengthen the standardization of the metaverse industry, and promote the mainland's excellent practice plan to become an international standard to enhance the comprehensive competitiveness of the industry.

Recently, a number of policies have been introduced to promote the development of the metaverse industry. On September 18, the Sichuan Department of Economy and Information Technology and other 16 departments jointly issued the Sichuan Metaverse Industry Development Action Plan (2023-2025). It is proposed that by 2025, the scale of metaverse-related industries in the province will reach 250 billion yuan, create 200 typical application scenarios of the metaverse in the fields of industry, cultural tourism, education, and urban development, and introduce 15 main enterprises of the metaverse core track chain, 150 "specialized, specialized and new" enterprises in subdivided fields, and 300 innovative small and medium-sized enterprises, creating a "China Metaverse Valley" with global influence.

On September 14, the Ministry of Industry and Information Technology issued a notice on organizing and carrying out the unveiling of future industrial innovation tasks in 2023 - facing four key directions: metaverse, humanoid robots, brain-computer interfaces, and general artificial intelligence.

On September 8, the General Office of the Ministry of Industry and Information Technology and other five departments issued the "Three-Year Action Plan for the Innovation and Development of the Metaverse Industry (2023-2025)". It is proposed that by 2025, the metaverse technology, industry, application, governance, etc. will make breakthroughs, become an important growth pole of the digital economy, expand the industrial scale, have a reasonable layout, improve the technical system, further consolidate the supporting capacity of industrial technology foundation, and reach the world's advanced level in comprehensive strength.

On September 8, Beijing issued the Implementation Plan for Promoting Future Industrial Innovation and Development in Beijing. Among them, it is proposed to focus on breaking through the cutting-edge underlying technologies of the meta-universe, such as nanostructured hyperlenses, virtual avatars, true 3D displays, high-performance computing power chips, and virtual reality operating systems, and determine the development route of Internet 3.0. Promote artificial intelligence to empower the metaverse, and promote the innovative application of key metaverse technologies in smart cities, film and television entertainment, digital creativity and other fields.

On September 4, Gong Zheng, Deputy Secretary of the Shanghai Municipal Party Committee and Mayor of Shanghai, presided over the executive meeting of the municipal government. The meeting required to build new industrial advantages, accelerate the construction of municipal blockchain basic service platforms, explore and deepen the application of blockchain technology in shipping logistics, e-commerce, metaverse and other fields, create a number of typical scenarios and benchmarking projects, and cultivate more high-growth enterprises with core competitiveness.

According to a June 2022 McKinsey research report, 79% of consumers currently active in the virtual world have made purchases, and the potential economic value of the metaverse may reach $5 trillion in 2030.

According to the "China Metaverse Development Report (2022)", the output value of the upstream and downstream industries of the mainland metaverse exceeds 400 billion yuan, and it is predicted that in the next five years, the domestic metaverse market will exceed at least 200 billion yuan.

In terms of the number of patents, the "2023 China Metaverse Industry Development Trend Insights" report pointed out that the number of mainland metaverse-related patent applications accounted for nearly 30% of the world, ranking second in the world.

Kaiyuan Securities said that based on the "Three-Year Action Plan for the Innovation and Development of the Metaverse Industry (2023-2025)" for metaverse products and applications, it is recommended to pay attention to games, XR, radio and television and other sectors. Among them, 5 major tasks and 14 specific measures are proposed, among which the measures to enrich the supply of metaverse products are proposed to accelerate the large-scale promotion of immersive display terminals such as XR headsets and naked-eye 3D, and enrich metaverse applications based on mobile phones, computers, TVs and other terminals. The agency believes that games may be the closest product form to the meta-universe, which is expected to continue to benefit from the growth of demand for product content in the development of the meta-universe, and the current trend of multi-terminal games is obvious, and the development of XR terminals is also expected to drive the demand for VR games.

Related Concept Stocks:

Baidu Group-SW (09888): On September 15, Qualcomm China announced that it signed a non-binding strategic cooperation memorandum of understanding with Beijing Baidu Netcom Technology Co., Ltd. and Qualcomm Wireless Communication Technology (China) Co., Ltd. in Beijing, and will carry out comprehensive strategic cooperation in the XR field. In this cooperation, the two parties will jointly build a new generation of metaverse infrastructure platform around metaverse + ecology + industry applications in terms of XR technology, generative AI, digital humans, and upstream and downstream collaboration in the industry.

Feitian Yundong (06610): Feitian Yundong is a leading provider of AR/VR content services in China. At present, the relevant business has fully covered multiple sub-scenarios such as retail, cultural tourism, and education, and has reached in-depth cooperation with many leading Internet companies such as Tencent and Alibaba.

NetEase-S (09999): Based on years of art and technology accumulation of NetEase games, NetEase Yaotai can realize multiple core elements such as "virtual scene", "virtual character" and "virtual interaction" in one stop, replicate offline real activity scenes, create exclusive avatars at will, and provide a variety of interesting interactive forms, bringing users a more technological sense, a sense of ritual, and immersive online activity experience.

Tencent (00700): At the beginning of the year, Tencent Cloud established a True Internet Finance Team. It is understood that the team will rely on Tencent Cloud's real-time audio and video TRTC, AI, digital sapiens, cloud rendering, digital twin and other superior product capabilities to explore a new generation of all-true interactive solutions for financial scenarios and promote the implementation of full-truth interconnection in the financial industry.

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