Listed companies take the lead in 5G security investment in China

 

BEIJING, March 26 (Xinhua) — Listed companies are taking the lead in investing in 5G security in China, against the backdrop of the booming 5G construction naionwide.

China is accelerating the construction of new infrastructure such as 5G networks and data centers, aiming to bring new drivers for the economy, especially in sectors like consumption, manufacturing and services.

To further promote the development of 5G, security systems for the emerging industry must be built, said China’s Ministry of Industry and Information Technology (MIIT) in a circular issued Monday.

Efforts will be made to strengthen the security for 5G network infrastructure and data, and cultivate the 5G security industry ecology, according to MIIT.

Chinese listed companies have started their investment in 5G security.

For example, Surfilter Network Technology (300311.SZ), a leading network security vendor in China , said it has made strategic investment in the security monitoring and situation awareness of industrial Internet, 5G network and information security management, as well as IoT resources and network information security management to provide security guarantee for the development of industrial Internet and 5G.

Eastcompeace Technology (002017.SZ), a provider of smart card and system solution, stated that based on its core technologies in digital identity recognition, data security and protection, it would continue to expand business in the field of industrial IoT and consumer electronics, as 5G is boosting the development and application of IoT.

(Edited by Su Dan with Xinhua Silk Road, [email protected])

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