With the Greater Bay Area as the common strategic focus, the two companies have agreed to co-develop four key businesses in Greater Bay Area, including healthcare and wellness, multi-area investments, insurance businesses and elite customer services.

New World Development is set to fully leverage its advantage and expertise in high-quality healthcare services, thanks to its Gleneagles Hospital Hong Kong and Humansa operations. These services will also be combined with K11 MUSEA, a new cultural-retail landmark, as well as a total of eight luxury hotels, including Rosewood Hong Kong to enhance the full traveling experience of China Taiping customers visiting Hong Kong.

The strategic partnership between the two companies will also center around China Taiping’s large-scale, integrated wellness and medical care communities in Greater Bay Area, its medical tourism project plans in Hainan, and New World Development’s medical care services in Hong Kong.

The shared goal is to provide New World Development’s and China Taiping’s customers with a unique medical tourism experience, and a full healthcare and medical services program.

New World Development and China Taiping will co-invest in high-quality projects and opportunities that show great development potentials for both parties.

Together, the two companies will focus on integrated commercial projects in core areas of Hong Kong and Mainland China, innovative technology, healthcare and wellness, asset management, infrastructure, and more. The partnership will see both parties collaborate on existing and new investment projects, while building a multi-faceted investment partnership by combining investment experience on high-quality projects.

Building on both companies’ respective customer networks and experience in insurance, education, medical services and more, the announced partnership will create great synergies for both parties when providing related services. These include family entertainment, education, medical and other related insurance products and services, all of which can also be promoted at New World’s various landmarks, fully capturing the target customers.

In addition, China Taiping and New World Development’s FT Life will offer complementary products to domestic and international customers, creating the best insurance solutions and a wide array of risk protection services.