China’s largest insurer is harnessing its expertise in artificial intelligence to expand health care services in Shanghai and Hong Kong through new joint ventures with a research-driven Japanese pharmaceutical company.

Hong Kong-based China Everbright said on Friday that it jointly launched an artificial intelligence economy fund with AI city solution provider Terminus Technologies, aiming to raise RMB 10 billion ($1.4 billion).

China’s banking system saw some of the biggest bumps in assets and profit last year among the largest global institutions, a research group found, reflecting big banks’ ability to better withstand the pandemic compared with regional lenders.