Chinese cities investing in ‘skynet’ surveillance networks

Chinese cities investing in ‘skynet’ surveillance networks

Staff Reporter

2013-11-12

Various cities across China are building “skynet” networks that can achieve full coverage of a fixed area with real-time monitoring and recorded video surveillance, reports Duowei News, an outlet run by overseas Chinese. A recent slate of terror attacks, including a high-profile jeep crash in Tiananmen Square in Beijing late last month, has again highlighted the country’s plans to increase public surveillance under the banner of “maintaining social order and combating illegal activity.”According to a recent report from the Hunan-based Legal Weekly newspaper, the government of the provincial capital of Changsha has invested 800 million yuan (US$130 million) in a “skynet” network that commenced in March 2012 and was completed in August this year.

The 26,000 high-definition cameras and 103 control room units constructed as part of the project are currently under trial operation, the report said, adding that the network also features fully integrated social surveillance resources comprising 186,000 self-installed surveillance cameras from registered local communities, stores and government departments.

Guangzhou has reportedly invested 2.5 billion yuan (US$410 million) to build its own skynet with a completion date around 2015, by which time Qingdao, a major city in eastern China’s Shandong province, will also have 90,000 surveillance cameras installed. Even a small county in Shandong has reportedly invested 20 million yuan (US$3.3 million) to install 2,618 cameras and 342 video surveillance systems.

A Changsha public security bureau spokesperson said that apart from tackling crime, the city’s “skynet” is aimed at strengthening community management and servicing civilians. The ongoing development of the network will be integrated with city and road planning and construction, the spokesperson added.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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