The Lin-gang Special Area Administration and Ping An Insurance (Group) Company of China Ltd signed a strategic cooperation framework agreement to carry out in-depth cooperation in finance, smart cities, and urban development on April 2.

The two sides will jointly explore and implement various types of financial innovation models consistent with international standards.

Financing instruments such as insurance funds, bank funds, and capital market funds will be used to facilitate the development of key industries such as integrated circuits, artificial intelligence, biomedicine, aerospace, headquarters economy, and new types of international trade.

The two sides will share research achievements in areas such as the internet of things, block chain, and artificial intelligence, and jointly develop a series of smart platform projects involving smart finance, smart cities, and smart enterprises.

Ping An will also cooperate with the administration to build several core functional zones in Lin-gang Special Area, including a modern service open area and an international innovation collaboration zone, and merge platforms for finance, high-end scientific and technological R&D, and technological innovation.

Wu Wei, deputy director of the China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area Administration, and Zhang Xiaolu, deputy director of the financial association of Ping An Insurance Group, sign a strategic cooperation framework agreement on April 2. [Photo/WeChat account: shlgguanweihui]