计算机：新规细化管理，密码安全迎新机遇

Investment Rating - The report maintains a "Recommended" investment rating for the computer industry [3]. Core Insights - The National Cryptography Administration released new regulations on commercial password management, which are expected to enhance the security landscape and create opportunities in the password security market [4][5]. - The commercial password industry in China reached a scale of 82.23 billion yuan in 2023, reflecting a growth of 19.3% compared to 2022 [6]. - The new regulations will lead to increased investments in password technology, products, and services, driven by the need for regular security assessments by key infrastructure operators [6]. Summary by Sections Regulatory Developments - The National Cryptography Administration published a directory of 112 qualified institutions for commercial password application security assessments, prohibiting unqualified entities from conducting such evaluations [4][5]. - The new regulations specify detailed assessment processes for key information infrastructure at various stages, including annual evaluations and reporting requirements [5]. Market Growth Potential - The password security market is expected to grow rapidly due to the increasing demand for security assessments and the emergence of new technologies such as IoT, 5G, cloud computing, AI, and quantum computing [6]. - Investment suggestions include companies in the cybersecurity sector such as Qihoo 360, Sangfor Technologies, and various password security firms like Sanwei Xinan and Jida Zhengyuan [6].