“十二五”期间城镇化是内需增长的最大动力，是经济结构调整的重要依托，城镇化将发挥拉动消费、扩大和优化投资、改善民生的多重效应。预计“十二五”期间城镇人口将从2011年的47.5%提高至51.5%，“不完全城镇人口”将转化为“完全城镇人口”。过去信息化与工业化的深度融合增加了供给，现在信息化将与城镇化深度融合则有望创造供给。目前来看，“智慧城市”是信息化与城镇化结合的最佳模式。

"1025"The urbanization is the domestic demand growth during the biggest power,The economic structure adjustment is an important rely on,Urbanization will play consumption/Expand and optimize investment/To improve the people's livelihood multiple effect.Is expected to"1025"Urban population during the 2011 years of 47.5% to 51.5%,"Incomplete urban population"Will be transformed into"Completely urban population".The past informatization and industrialization depth fusion increased supply,Now informatization and urbanization will fusion depth were expected to create supply.So far,"Wisdom city"Informatization and urbanization is combined with the best mode.

　　

信息化与城镇化 Informatization and urbanization

　　深度融合创造供给 Depth fusion create supply

　　“十二五”期间城镇化是内需增长的最大动力，是经济结构调整的重要依托。城镇化将发挥拉动消费、扩大和优化投资、改善民生的多重效应。城镇化具备天时、地利、人和。所谓天时，十七大提出“落实科学发展观，全面建设小康社会”的治国方针，确定以城镇化作为依托，今后城镇化加速将天然具备政策优势。地利，城镇化是调结构和稳增长的平衡路径，推进城镇化将从基础建设和扩大内需两方面消化工业化制造的过剩产能并成为支撑经济增长的主要动力。人和，城镇化的内涵是人的城镇化，“十二五”期间城镇人口将从2011年的47.5%提高至51.5%，“不完全城镇人口”将转化为“完全城镇人口”。

"1025"The urbanization is the domestic demand growth during the biggest power,The economic structure adjustment is an important rely on.Urbanization will play consumption/Expand and optimize investment/To improve the people's livelihood multiple effect.Urbanization have days/Favorable location/and.The so-called days,Congress put forward"The scientific outlook on development,The comprehensive construction well-off society"Policies to run the,Decide on the urbanization as the basis,The future urbanization accelerating will naturally have the policy advantages.Favorable location,Urbanization is adjustable structure and stability of the equilibrium path of growth,Urbanization will infrastructure and expand domestic demand from two aspects of digestive industrialized manufacturing excess capacity and become the main power to support economic growth.and,Urbanization is the connotation of urbanization,"1025"Urban population during the 2011 years of 47.5% to 51.5%,"Incomplete urban population"Will be transformed into"Completely urban population".

　　有效实现城镇化，于居民角度就是要解决最为关心的是“医食住行”问题，于政府角度要解决如何加强城市管理的问题。在传统模式下，政府会投资修建更多的楼房、医院、学校、公路、铁路，来实现城市的扩张，同时加大资源开采力度以增加供给。但是，这并不是可持续发展的模式，资源和财力都不足以支撑供给的无限增加，现阶段我们面临的更大的问题是如何实现有限资源的合理分配，并不断提高利用效率。

The efficient implementation of the urbanization,In residents Angle is to solve the most concern is"Medical food live line"problems,From the government Angle to solve the problem of how to strengthen the urban management.In the traditional mode,Will the government invest build more buildings/hospital/The school/highway/railway,To realize the expansion of the city,At the same time increase the resources exploitation strength in order to increase supply.but,This is not the mode of sustainable development,Resources and financial resources are not enough to support the increased supply infinite,At present we are faced with the bigger question is how to realize the reasonable distribution of the limited resources,And constantly improve the utilization efficiency.

　　因此，“调结构”和“稳增长”一样重要，IT作为新兴产业，将与城镇化深入融合不断增加供给。信息化在城镇化推进的过程中扮演了更加重要的角色：IT系统不仅是辅助系统，将更多的成为核心业务系统及核心决策系统，后周期属性逐渐减弱，将伴随城镇化的全过程，出现明显的前置化趋势。过去信息化与工业化的深度融合增加了供给，现在信息化将与城镇化深度融合则有望创造供给。

therefore,"Adjustable structure"and"Steady growth"Is as important as the,IT as emerging industry,Will and urbanization further fusion increased supply.The information in the process of promoting urbanization plays a more important role:IT system is not only the auxiliary system,Will more be core business system and core decision-making system,After cycle attribute weakened gradually,It's going to be with the whole process of urbanization,There is a clear lead trend.The past informatization and industrialization depth fusion increased supply,Now informatization and urbanization will fusion depth were expected to create supply.

　　“智慧城市”是信息化与城镇化结合的最佳模式。截至目前我国提出智慧城市建设的城市总数达到了154个，投资规模预计超过1.1万亿元。而在“十二五”规划或政府报告中提出建设智慧城市的地级以上城市共有41个，其中副省级城市10个，直辖市中北京、上海、天津均提出了智慧城市建设。智慧城市的真正落地就对应到“医食住行”和城市管理的具体方面。

"Wisdom city"Informatization and urbanization is combined with the best mode.So far our country puts forward the wisdom of city construction in urban total to 154,Investment is expected to exceed 1.1 trillion yuan.And in"1025"Planning or government report put forward building wisdom city ground level above the city a total of 41,The deputy provincial city 10,In Beijing municipality directly under the/Shanghai/Tianjin all put forward their wisdom city construction.Wisdom city real ground is corresponding to the"Medical food live line"And the urban management of the specific aspects.

　　

民生投资大幕拉开 The curtain went up on the people's livelihood investment

　　医疗社保受益 Medical social security benefits

　　首先是医疗信息化。目前解决“看病难、看病贵”途径主要有两个：其一是通过社保制度引导民众分级就诊，小病慢性病在基层医疗机构就诊，大病重病在级别更高的医院就诊，类似美国商业保险发挥“守门人”功能。但是，后台必须有完善的双向转诊制度，保证诊疗记录、检查记录和用药记录的互联互通。其二是最大程度实现诊疗及用药的标准化，实现按病种收费，社保“先付费”。类似美国的“当前诊治专用码”所发挥的作用。

The first is the medical information.At present to solve"See a doctor difficult/The doctor your"There are two main approaches:One is through the social security system, guide people to see a doctor classification,Chronic ailments in basic-level medical institutions to see a doctor,A serious illness is very sick in level higher hospital,Similar to the United States commercial insurance play"porter"function.but,Background must have perfect bidirectional referral system,Guarantee medical record/Inspection records and medical records of interconnection and interflow.The second is the largest degree to realize the standardization of diagnosis and treatment and medication,Realize press disease to charge,Social security"To pay".Similar to the United States"The current treatment special code"The roles.

　　医疗信息化将成为实现这两个途径从而控制医疗费用的一把利器。分级就诊、双向转诊需要有一个信息化的后台可以连通辖区内的自下而上的所有医院。利用电子病历或健康档案作为流通介质，实现诊疗记录、检查记录和用药记录的互联互通，即目前由政府投入大力建设的区域医疗平台。在推行诊疗及收费的标准化初期，医院信息化作为监督手段，用于医院向上级主管部门汇报诊疗过程从而确定社保报销比例。主要由政府引导医院进行投资建设，一定程度给予补助。在推行标准化的后期，社保将从“后付费”改为“先付费”，运作效率高的医院才会有利润。因此，信息化将成为医院加强管理、节约成本、提高运作效率的重要手段，成为支撑系统，是一种自发需求，由医院自主投资。

Medical information will become to realize the two way to control medical expenses of a tool.Hierarchical medical/Two-way referral need to have a informatization background can be connected within the jurisdiction of bottom-up all hospital.Using electronic medical records or health files as circulation medium,Realize medical record/Inspection records and medical records of interconnection and interflow,That is now the government investment to the construction of regional medical platform.In the implementation of the standardization of diagnosis and treatment and charges early,Hospital information as a means of supervision,Used for hospitals to superior departments to report diagnosis and treatment process so as to determine the proportion of social security to submit an expense account.Mainly by the government guide hospital construction investment,A certain degree of subsidies granted.In the late stage of standardization,From social security will"for"instead"To pay",Operation with high efficiency of hospital just can have profit.therefore,Information will be to strengthen hospital management/Cost saving/Improve the operation efficiency of the important means,Become support system,Is a spontaneous demand,Independent investment by the hospital.

　　其次是社保信息化。广义的社会保障包括社会保障和人力资源两部分。人社部也是由劳动和社会保障部以及人事部合并而成。劳动和社会保障部主要职责是统筹城乡就业和社会保障政策职责，建立健全从就业到养老的服务和保障体系。人事部主要职责是统筹机关企事业单位人员基本养老保险职责，完善劳动收入分配制度。

The second is social security information.Generalized social security including social security and human resources two parts.People club department also by the labor and social security ministry and ministry of personnel merge and become.Labor and social security ministry main duty is to balance urban and rural employment and social security policy responsibility,Establish and improve from employment to endowment service and security system.The personnel department main duty is to plan as a whole organ enterprise or business unit personnel basic endowment insurance responsibility,Perfect labor income distribution system.

　　“金保一期”于今年六月竣工，目前人社部正积极推动“金保二期”的顶层设计和立项工作，预计投资有望超过300亿元。社会保障系统将在“金保一期”建设的基础上继续加大投入，预计将达到总投资的2/3，即200亿元左右。我们认为，社保卡发行及用卡环境的构建将带来广阔市场机会；异地结算及业务系统互联互通成为“二期”重点；基数扩大和政策改变带来的升级机会；服务平台向街道、乡镇等基层延伸。

"Dr. Richard kimble a period"Completion of June this year,At present people club department is actively promote"Dr. Richard kimble phase ii"The top design and project work,Expected investment is expected to more than 30 billion yuan.Social security system will be in"Dr. Richard kimble a period"Based on the construction of continue to increase investment,Total investment is expected to reach the two-thirds,That is 20 billion yuan.We think,Social security card issuance and use card environment construction will bring vast market opportunities;Different settlement and business system interconnection and interflow become"The second phase"key;Base to expand and policy change brings opportunity to upgrade;Service platform into the streets/Villages and towns and grassroots extended.

　　“金保一期”人力资源系统基础薄弱，因而现阶段增速更高。“金保一期”应用系统建设主要是在就业和社会保险领域，劳动关系、人事人才等领域信息化建设还存在较大差距。预计“十二五”期间将有总投资规模近1/3的资金将投入到人力资源领域，预计为100亿元左右。

"Dr. Richard kimble a period"Human resources system foundation is weak,Therefore at present higher growth."Dr. Richard kimble a period"Application system construction mainly in employment and social insurance field,Labor relations/Personnel etc informatization construction also has a large gap.Is expected to"1025"Period will have a total investment of nearly one-third of the money will be put into the human resources field,Is estimated at 10 billion yuan.

　

　食品安全溯源将促成有效监管 Food safety traceability will promote the effective supervision

　　2012年政府工作报告要求增强食品安全监管能力，提高食品安全水平，两会期间食品安全问题也成了代表重点关注的话题。食品追溯体系已被纳入多个政府实事项目，并展开招标。我们认为食品溯源建设近期将全面提速，未来将在更多的城市陆续开展。

In 2012 the government work report calls for enhance food safety supervising ability,To improve food safety level,Sessions food safety problems have become a representative focus on topics.Food traceability system has been included in a number of government practical project,And open bidding.We think of food traceability construction in the near future will be fully speed,The future will be in more cities continue carrying out.

　　当前食品安全溯源面临的最大问题是多头监管，一旦利益格局划定技术将发挥作用使项目落地。食品安全分管部门涉及卫生部、商务部、农业部、质检总局以及工信部等，多头监管及利益划分不清造成食品安全溯源项目开展难度较大。目前已开展的项目多是由当地政府牵头，范围局限在一个省或者一个市，不能在全国范围内进行溯源，仍存在一定的局限性。我们认为，只要利益格局划定，技术已经不是障碍，在需求日益迫切的背景下食品安全溯源有望尽快在全国推广。

The current food safety traceability is the biggest problems facing the long supervision,Once defined benefit pattern technology will play a role that project fall to the ground.Food safety department in charge in the ministry of health/The ministry of commerce/The ministry of agriculture/Aqsiq and work letter department, etc,Bull supervision and interest division is not clear caused by food safety traceability project development difficult.At present already the projects is lead by the local government,Range limit in a province or a city,Not in the national scope for traceability,Still has some limitations.We think,As long as defined benefit pattern,Technology is not disorder,In the increasingly urgent demand under the background of food safety traceability is expected to spread in the whole nation as soon as possible.

　

　新型城镇化推进 The new advance of urbanization

　　聚焦绿色建筑 Focusing green building

　　我们将更绿色环保、更智慧高效的城镇化定义为新型城镇化，这是大势所趋。城镇化出现了很多问题，尤其是对能源的消耗。我国的能耗结构中，建筑占据了大约1/4；用电结构中，建筑用电也占据了约1/4。现有的430亿平方米建筑面积中，95%为高能耗建筑，每年新建建筑面积中80%仍为高耗能建筑。

We will be more green environmental protection/More wisdom efficient urbanization definition for the new urbanization,This is the trend of The Times.Urbanization appeared a lot of problems,Especially for energy consumption.China's energy consumption structure,The building occupies about a quarter;Power structure,Building electricity also account for about a quarter.The existing 43 billion square meters of building area,95% of high energy consumption construction,Every year 80% of new building area is still in high building.

　　如果说信息化与城镇化融合推动智慧城市全面起航，那么新型城镇化则提出更高要求，绿色建筑是新融合的产物，将“智慧城市”带向新的高度。“绿色建筑”的概念最早由英国人提出，是指在建筑的全寿命周期内，最大限度地节约资源（节能、节地、节水、节材），保护环境和减少污染，为人们提供健康、适用和高效的使用空间，与自然和谐共生的建筑。“绿色建筑”很好地契合了新型城镇化要求，信息化将在其中扮演重要角色，尤其是建筑运行能耗管理领域。

If the informatization and urbanization to promote urban comprehensive fusion wisdom set sail,So the new urbanization is put forward higher requirements,Green building is the product of new fusion,will"Wisdom city"Belt to a new height."Green building"The concept of the British people put forward,It is to point to in the construction of the whole life cycle,Maximum limit save resources(Energy saving/land-saving/water-saving/saving),To protect the environment and reduce pollution,Provide people with health/Applicable and efficient use of space,And the nature harmonious coexistence of building."Green building"Well fit the new urbanization requirements,Information will play an important role in it,Especially the construction operation energy consumption management field.

　　从国家政策层面来看，中央和地方政府正联手以“强制和补贴”并行的方式推动建筑节能，绿色建筑产业迎来发展春天。2012年1月，住建部发布《“十二五”建筑节能专项规划（征求意见稿）》，目标是到2015年城镇新建建筑执行不低于65%的建筑节能标准，城镇新建建筑95%达到建筑节能强制性标准的要求。7月26日，住建部公布《夏热冬冷地区既有居住建筑节能改造技术导则》（征求意见稿），为各地建筑节能补贴和技术改造提供参考，这预示着上海、重庆、江苏、浙江等地的建筑节能改造进入实质启动阶段。上海也拟出台《上海市建筑节能项目专项扶持办法》，单个项目最高补贴可达1000万元。其实，国家对建筑节能一直有补贴，但系统性规模化的趋势在今年尤其明显。

From the national policy level,The central and local governments are cooperating with each other to"Forced and subsidies"Parallel way to promote the construction of energy-saving,The green building industry development in spring.In January 2012,Live JianBu release["1025"Building energy saving special planning(draft)],Goal is to 2015 new town construction execution not less than 65% of building energy efficiency standard,Town new buildings 95% to building energy saving mandatory standards.On July 26,Live JianBu announced[The hot summer and cold winter area both residential building energy-saving technology reform guideline](draft),Around for building energy subsidies and technical renovation to provide reference,It indicates the Shanghai/chongqing/jiangsu/Zhejiang, building energy saving reconstruction enters the essence and start-up stage.Shanghai also intends to come[Shanghai construction energy conservation project of a special support measures],A single project highest subsidies can reach 10 million yuan.In fact,The state has been building energy subsidies,But systematic scale trend in this year is especially obvious.

　　根据发达国家经验，在这个建筑节能服务领域，有望成就全国性公司。美国是能源服务公司（ESCO）的发源地，是节能服务产业最发达的国家，美国节能服务产业主要呈现以下四大特征：独立的ESCO以及隶属于建筑设备制造商的ESCO是市场主要参与主体；节能服务虽然本地和区域性公司数量居多，但全国性公司收入份额超过75%（2006年）；节能服务产值主要集中在MUSH（市政、大学、学校和医院）和联邦机构市场；节能服务的利润主要来自基于能效管理的服务，项目设计制造、咨询等占比较低。

According to the experiences of developed countries,In the field of building energy efficiency service,Is expected to achievement national company.The United States is energy service company(ESCO)The birthplace of the,The energy conservation service industry is the most developed country,The United States the energy conservation service industry mainly presents the following four characteristics:Independent ESCO and belongs to construction equipment manufacturers of ESCO market main participation main body;The energy conservation service although local and regional company quantity is in the majority,But the national income share of more than 75%(In 2006,);The energy conservation service value mainly concentrated in MUSH(municipal/university/Schools and hospitals)And federal agency market;The energy conservation service profit mainly from based on energy efficiency management service,Project design and manufacture/Consultation of relatively low.

　　

智能交通领域需求不减 Intelligent transportation demand is reduced

　　根据今年上半年的行业数据，我们认为，智能交通行业景气度仍然较高，BT或为提升行业增速贡献新动力(310328,基金吧)。

In the first half of this year, according to industry figures,We think,Intelligent transportation industry boom of still higher,BT or to enhance industry growth the new contribution(310328,Fund it).

　　在稳增长的背景下，道路交通固定资产投资增速在6月有所恢复。该项数据意味着，地方政府将重新启动对交通业的投资，智能交通投资或将因此而受益。即将公布的《交通运输行业智能交通发展战略(2012-2020年)》，有望进一步推升行业景气度。

In the background of the steady growth,Road traffic fixed asset investment growth resumed in June.The data means,The local government will restart for transportation investment,Intelligent transportation investment or will benefit.Will be published[Transportation industry intelligent transportation development strategy(2012-2020)],Is expected to further push the boom of industry.

　　地方政府对智能交通系统的需求未减。今年上半年由于受到宏观经济的影响，智能交通市场总投资增速有所下滑，但仍然接近20%的增长。智能交通项目金额增大，BT成为重要投融资模式。反观河北智慧交通24亿元的订单，在地方经济需求下滑的背景下，河北省公安厅和交通厅在财政收入紧张的背景下，仍然以BT的方式进行项目建设，充分说明了地方政府对智能交通建设的需求未减。

Local governments to the needs of intelligent transportation system has not cut.In the first half of this year due to the influence of macro economy,Intelligent transportation market slipped a total investment growth,But still close to 20% growth.Intelligent transportation project amount increase,BT become an important investment and financing mode.In hebei wisdom traffic an order for 2.4 billion yuan,In the local economy under the background of decline in demand,Hebei provincial public security and communications department in fiscal revenue under the background of tension,Still in the way of BT project construction,To explain adequately the local government for the construction of intelligent transportation demand was not decreased.

　　智能交通正在成为各地智慧城市建设不可或缺的一部分。由于智能交通行业市场投资规模的加大、行业增速加快，不断有新的公司进入这个市场。拥有资本背景的厂商将凭借BT等方式领先于行业成长。从上下游产业链的角度，我们将传统智能交通企业分为产品供应商、子系统集成商、综合系统集成商。其中，我们仍然最为看好城市智能交通系统集成商。

All intelligent transportation is becoming an important part of wisdom city construction.Because intelligent traffic industry market investment scale increase/Industry to speed up the growth,Our new company to enter the market.Has capital background manufacturer with BT, etc will be ahead of the industry growth.From the point of view of the downstream industry chain,We will be traditional intelligent transportation enterprise is divided into product supplier/Subsystem integration/Comprehensive system integrators.the,We are still the most valued city intelligent transport system integrators.

　　综合来看，在宏观经济不确定，企业盈利下滑的大背景下，以中央和地方财政资金为投资主体政务信息化是确定性最高的细分领域。对应到城镇信息化，我们认为涉及“医食住行”的四个方面政策支持与资金投入最为确定：民生信息化，食品安全溯源，绿色建筑和智能交通。

Comprehensive to see,In macro economic uncertainty,Corporate profits decline in background,With the central and local fiscal funds for investment main body government informationization is the highest segmentation field uncertainty.Corresponding to the urban informatization,We think that involves"Medical food live line"The four aspects of the policy support and money into the most determined:The livelihood of the people the information,Food safety traceability,Green building and intelligent traffic.