CICC: MIIT Issues Document to Promote the Development of Satellite Communication Industry, Direct Connection of Mobile Phones Opens Up Market Space for Satellite Applications.

According to the research report of CITIC Securities, the Ministry of Industry and Information Technology issued a document to promote the development of the satellite communication industry, especially mentioning that by 2030, new models and new formats such as direct satellite connection for mobile phones should be widely applied, and the number of satellite communication users should exceed tens of millions. Mobile phone direct connections will fully open up the market space for satellite applications. On the satellite side, since the end of July, the speed of network construction for satellite GW in China has significantly increased, and the "Guiding Opinions on Optimizing Business Access to Promote the Development of Satellite Communication Industry" proposes to accelerate the construction of satellite internet systems. On the rocket side, a number of large liquid rockets such as the Smart Dragon-2, Zhuque-3, Tianlong-3, and Long March 12 will make their first flights this year, potentially increasing launch capacity and reducing launch costs. The satellite, rocket, and application sectors are resonating, and attention should be paid to investment opportunities in the satellite internet industry chain.