Hong Kong Exchanges and Clearing Limited (HKEX) is today (Friday) pleased to announce that it has entered into a memorandum of understanding (MOU) with Ping An Insurance (Group) Company of China Limited (Ping An) to explore possible areas of cooperation and collaboration in Fintech and data analytics to enhance the region's financial market ecosystem. HKEX Chief Executive, Charles Li, joined Ping An Chairman, Ma Mingzhe, in Shenzhen to mark the signing of the MOU. In attendance were other senior executives from HKEX and Ping An. HKEX and Ping An will work together to identify areas of collaboration, including Fintech solutions across different asset classes, as well as the application of data and Artificial Intelligence technology to support the mutual connectivity of the Mainland Chinese, Hong Kong and international markets. Ping An, which is a leading financial services provider in insurance, banking, and securities in China, has significant technology capabilities and is a provider of Fintech solutions to support other financial institutions on their digital transformation.

China's health care sector has turned to Artificial Intelligence to scale up operations in the mainland region with hopes that self learning computer programmes expand customer base by intuitively responding to a rapidly growing market. In 2015, Ping An Insurance Group launched a health care and mobile application'Good Doctor' that provides free diagnosis of select health problems and a booking suite that helps users in procuring appointments with doctors. Most of the diagnosis of ailments are conducted through photos, text or video that link the patient to the doctor via the app. "We will continue to further invest in AI next year because the technology can speed up our health services by eight times," said Wang Tao, group chairman of Good Doctor, in an interview to the South China Morning Post. Wang Tao went on to add that the'Good Doctor' app would continue to invest in self-learning technology that can identify patterns in data to assist in medical diagnosis and treatment.