In 2022, economic stability will take the lead. As an important aspect of stable growth, investment in infrastructure construction will continue to expand. The 11th meeting of the Central Finance and Economics Committee emphasized that comprehensively strengthening infrastructure construction, building a modern infrastructure system, and laying a solid foundation for building a modern socialist country in an all-round way.

The meeting pointed out that it is necessary to strengthen the construction of network infrastructure such as transportation, energy and water conservancy. , and put network construction, network repair and chain strengthening as the focus of construction, and strive to improve network efficiency.

The meeting emphasized the need to strengthen support for infrastructure construction. To meet the financing needs of infrastructure construction, expand long-term financing channels, increase financial investment, and better focus on ensuring the capital needs of major national infrastructure construction. It is necessary to promote the standardized development and sunshine operation of the cooperation model between the government and social capital, and guide social capital to participate in the investment and operation of municipal facilities.

Comprehensively strengthening infrastructure construction and building a modern infrastructure system, what investment opportunities will it bring to related industries?

Accelerate the construction of the main framework of the national comprehensive three-dimensional transportation network

In terms of building the backbone of the national comprehensive three-dimensional transportation network, the meeting mentioned that it is necessary to strengthen the planning and construction of coastal and inland ports and waterways, and optimize and upgrade the national water transportation facility network. Strengthen the construction of comprehensive transportation hubs and collection and distribution systems, and lay out a number of regional airports, general airports and cargo airports.

In terms of urban infrastructure construction, the meeting mentioned that it is necessary to create high-quality living space, promote the integration of urban agglomeration transportation, build a convenient and efficient intercity railway network, develop urban (suburban) railways and urban rail transit, and promote comprehensive urban road transportation. system construction, promote the construction of underground common trenches in an orderly manner, strengthen the construction of urban flood control and drainage, sewage and garbage collection and treatment systems, strengthen the construction of disaster prevention and mitigation infrastructure, strengthen the construction of public health emergency facilities, and strengthen intelligent roads, intelligent power sources, intelligent public transportation, etc. intellectual.

Galaxy Securities pointed out that transportation is a basic, leading and strategic industry in the national economy and an important service industry. After years of reform and development, China's comprehensive transportation network system is taking shape. By the end of 2021, my country has successively released the Outline for Building a Strong Transportation Country, Outline for National Comprehensive Three-dimensional Transportation Network Planning, and the 14th Five-Year Plan for the Development of a Modern Comprehensive Transportation System.

CITIC Construction Investment stated that according to the "14th Five-Year Plan" outline, new infrastructure projects, transportation, energy, water network, new urbanization and other fields are the focus of investment, and it is also a major opportunity for the quality and efficiency of the new generation of infrastructure investment. According to estimates, the overall investment in new infrastructure during the "14th Five-Year Plan" period is about 27 trillion yuan. New infrastructure will empower old infrastructure, and a new situation of integrated development of old and new infrastructure will be further opened up. Chuancai Securities pointed out that major construction projects are concentrated, and traditional infrastructure and related sectors are expected to be driven. It is recommended to focus on the direction of rail transit equipment. In addition, steel, cement and other building materials are also expected to drive. It is expected that the demand for building materials will grow explosively at the end of the second quarter, and the prices and sales of building materials will rise.

Accelerate the construction of the main skeleton and aorta of the national water network

The meeting pointed out that it is necessary to speed up the construction of the main skeleton and arteries of the national water network, and promote the construction and modernization of key water sources, irrigation areas, and flood storage and detention areas.

Since 2022, investment in the water conservancy sector has accelerated significantly. On April 8, Wei Shanzhong, vice minister of the Ministry of Water Resources, introduced at the press conference of the State Council Information Office that the investment in water conservancy projects will be about 800 billion yuan in 2022. It will focus on advancing the preliminary work of 55 major water conservancy projects, implement more than 1,700 dangerous reservoirs for reinforcement, and implement the continued construction and modernization of about 570 large and medium-sized irrigation areas. Zhang Xiangwei, director of the Planning and Planning Department of the Ministry of Water Resources, said that from January to March 2022, the country will complete a water conservancy investment of 107.7 billion yuan, a year-on-year increase of 35%.

The Guotai Junan Securities Research Report believes that in 2022, water conservancy will focus on the construction of major projects such as the national water network and river basin flood control, and smart water conservancy to make up for shortcomings. From the perspective of medium and long-term planning, during the "14th Five-Year Plan" period, water conservancy construction will achieve high-quality development from four major investment directions: flood control, water supply, smart water conservancy and ecological restoration.

The development of water conservancy construction is concentrated in two directions, one is upstream pipes, including building materials, water pipelines, etc., and the other is midstream construction units, which are mainly involved in the design, construction and maintenance of water conservancy projects.

Strengthen the construction of agricultural and rural infrastructure

In terms of agricultural and rural infrastructure construction, the meeting mentioned that we should improve farmland water conservancy facilities, strengthen high-standard farmland construction, steadily promote the construction of "Four Good Rural Roads", improve the rural transportation system, accelerate the construction of urban and rural cold chain logistics facilities, and implement large-scale Water supply projects, strengthen the construction of rural sewage and garbage collection and treatment facilities, and promote agricultural and rural modernization with infrastructure modernization. It is necessary to strengthen the construction of national security infrastructure and accelerate the improvement of the ability to respond to extreme situations.

Minsheng Securities pointed out that the construction of rural revitalization infrastructure mainly includes the construction of smooth roads, water conservancy projects (farmland water conservancy, drinking water and water supply for humans and animals), power grids and broadband networks; construction of rural cold chain logistics systems, pollution control and garbage in "ecological livability" Solid waste treatment.

Layout and construction of new generation supercomputing, cloud computing and other facilities

The meeting stated that it is necessary to strengthen the upgrading of infrastructure construction in information, technology, logistics and other industries, deploy and build a new generation of supercomputing, cloud computing, artificial intelligence platforms, broadband basic networks and other facilities, and promote the layout and construction of major scientific and technological infrastructure. At the same time, the meeting also emphasized that it is necessary to adhere to the drive of innovation, increase the research and development of key core technologies, and improve the independent and controllable level of infrastructure technology.

The meeting stated that it is necessary to strengthen the construction of industrial infrastructure such as information, technology, and logistics, deploy and construct facilities such as a new generation of supercomputing, cloud computing, artificial intelligence platforms, and broadband basic networks, and promote the layout and construction of major scientific and technological infrastructure. At the same time, the meeting also emphasized that it is necessary to adhere to the innovation drive, increase the research and development of key core technologies, and improve the independent and controllable level of infrastructure technology.

The China Academy of Information and Communications Technology recently released the "Data Center White Paper in 2022", stating that as my country's demand for high-performance computing, AI computing and edge computing continues to increase, supercomputing, intelligent computing and edge data centers will further develop, and computing capabilities will be diversified. development trend. In terms of computing power infrastructure providers, basic telecom operators such as China Telecom, China Mobile, and China Unicom, third-party data center operators such as Wanguo and Halo.com, Alibaba Cloud, Huawei Cloud, Tencent Cloud, Baidu Cloud, and JD Cloud and other cloud computing service providers have accumulated more resources and technologies. Keywords: infrastructure, infrastructure construction, domestic engineering news, planning investment

The Changjiang Securities research report believes that thanks to new infrastructure, especially computing infrastructure, the prosperity of the server industry is also expected to improve in the long run. According to idc's forecast, the compound growth rate of China's overall server market will reach 12.7% in the next five years. Inspur Information Server ranked first in the global public cloud infrastructure computing market share for 11 consecutive quarters, with a solid industry leadership. Sugon has market advantages in supercomputing business. In 2021, the "5a-level" intelligent computing center solution will be released, and it has participated in the construction of intelligent computing centers in many places. H3C, a subsidiary of Huawei and Tsinghua Unigroup, is also an important supplier of servers. ZTE also expressed the hope that server and storage products can achieve rapid growth, and strive to become the company's new 10 billion products within 1-2 years, and enter the mainstream domestic suppliers within 3 years. Editor / Xu Shengpeng