On 23rd of September, the 40th Anniversary of China Fibre Optic Cable and the 8th China Telecommunication Optical Cable Entrepreneurs Summit (hereinafter referred to as “the 40th Anniversary and the Summit”) was jointly organized by the Wire and Cable Branch of China Electrical Equipment Industry Association, Communications Wire and Cable Professional Committee of China Association of Communications Enterprises, Optical Cable and Components Branch of China Electronic Components Association was formally held in Fuyang, Zhejiang. More than 280 leaders and experts of the optical fibre and cable industry gathered together, reviewing the 40-year glorious history of China’s optical fibre and cable industry. The conference summarized the experience and lessons from the past, deeply discussed the industry’s future development direction and enterprise strategy which inspired the industry professionals and enterprises to seize opportunities, keep progress and create a bright future for the industry.

Wu Hequan, the Academician of Chinese Academy of Engineering, deputy head of Beijing-Tianjin-Hebei Collaborative Development Expert Advisory Committee gave the keynote speech of Big Connection, Big Calculation and Big Broadband Strategy. Wu pointed out that low-power-consumption and narrowband IoT still needs to be supported by a lot of fibre networks. It is an important market opportunity of the optical communications industry in the future. Industrial Ethernet’s bus is mounted with a lot of equipments, which has high requirements for clock synchronization accuracy. Fibre will be accessed to enterprise in large quantity. Internet of car will create market space with the value of trillion RMB. Equipments of roadside base stations and many charging facilities need to get access to optical system. Smart city and Internet of things can collect massive data through optical fibre network. The optical fibre and cable industry has not reached the ceiling. There is still huge space that can be improved.

Yan Changkun, the Vice President of Yangtze Optical Fibre and Cable Joint Stock Limited Company (hereinafter referred to as YOFC, stock code: 6869.HK) was invited to attend the “Present and Future” Summit. President Yan expressed on the forum that optical fibre and cable enterprises should take a rational attitude to development scale. Developing a large size did not mean great strength. In the next decade, domestic enterprises needed to make a breakthrough in independent perform technology to trully master core technology. The infrastructure construction of many countries along the One Belt And One Road has great development space. Chinese enterprises have already entered into the development phase of taking market shares with technology. However, overseas market develops slowly. Hence, enterprises should get prepared to make long-term investment. For the discussion over 5G, President Yan pointed out every upgrade of mobile communication network would lead to a significant increase in optical fibre and cable. For this reason, 5G is a great opportunity for the optical fibre and cable industry.

On the afternoon of September 23rd, Mu Chengbin, the Honorary Director of Communication Wire and Optical Cable Expert Committee of the Wire and Cable Branch of China Electrical Equipment Industry Association, presided over the launch conference of China Optical Fibre and Cable and issued books to main enterprises involving in preparation. Finally, as Wu Shimin, Deputy Secretary-General of the Wire and Cable Branch of China Electrical Equipment Industry Association, handed over the next Entrepreneurs Summit’s rotating host right to Duan Zhigang, Secretary-General of Communications Wire and Cable Professional Committee of China Association of Communications Enterprises, the summit finally come to a successful end.

Since 1977 when China successfully manufactured the first practical optical fibre, the Chinese optical fibre and cable industry has experienced a history of 40 years. With the vigorous support of the Chinese Government and telecom operators, the communications fibre and cable industry has penetrated technological block of foreign countries through various ways of independent innovation. Besides, with continuous development, it increasingly becomes a strategic industry related to the country's long-term sustainable development. The future decade will witness the outbreak of needs for IoT, big data and 5G will inevitably create new opportunities for the optical fibre and cable industry. As the largest fibre perform, fibre and optical cable supplier in the world, YOFC will continue going ahead to fully implement the innovation-driven strategy, constantly discover the wisdom connection field and lead the Chinese optical fibre and cable industry to embrace a more brilliant future.