19 October 2018

Network superpower push to favor local firms, paper says

President Xi Jinping {習近平} has vowed to build China into a network security superpower, the Securities Times reported Thursday, citing a China Central Television bulletin. According to CITIC Securities Co., Ltd. (06030.HK, 600030.CN), the central government is likely to encourage use of domestic network security products, from software to servers, to close security loopholes opened by the use of foreign products, which dominate the Chinese market. NSFocus Information Technology Co., Ltd. (300369.CN), Beijing Venustech Co. (002439.CN) and Beijing VRV Software Corp. (300352.CN) and Westone Information Industry Inc. (002268.CN) are some of the domestic listed firms that might benefit from the new national policy, the report said.

– Contact HKEJ at [email protected]



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