(Yicai Global) Oct. 23 -- Beijing-based Kyland Technology Co. [SHE:300353] will ply cooperation with China Telecommunications Corp. to jointly promote and provide smart city information technology infrastructure and industry application services in Xiongan New Area.

China Telecommunications Corp. is the parent company of China Telecom Corp. [SHA:600030; HK:00728; NYSE:CHA].

The two sides have signed a framework agreement, the Industrial Internet application integrated solutions provider stated today.

The parties will team up to promote and provide smart city information technology infrastructure and industry application services and will jointly set up an expert team to advance CIM (City Information Model) standard research in Xiongan New Area in North China's Hebei province, the statement said.

The pair will also team up to jointly promote Industrial Internet network security and Industrial Internet credit system construction, and promote the construction of a next-generation intelligent network operation, Big Data operation and service system, and industry innovation applications in the area, the statement added.

The two sides will jointly explore the feasibility of establishing an Industrial Internet industry fund in the area, to prompt the implementation of Industrial Internet ecosystem, and provide a complete solution for industrial upgrading, the company said. The parties will also cooperate to further the construction of a civilian-military integration innovation center in the area to jointly provide overall solutions for communications networks with independence and self-control for a civilian-military integrated communication system, and build an Internet of Things platform with independence and self-control, per the statement.

China's central government decided to set up Xiongan New Area in Hebei province which surrounds Beijing in early April 2017 -- with an initial area of about 100 square kilometers -- to ease the non-capital functions of Beijing, adjust and optimize the city's position and structure within the Beijing-Tianjin-Heibei region and cultivate new drivers for innovation-driven development.

Xiongan New Area is a new development area of national significance following the Shenzhen Special Economic Zone and Shanghai Pudong New Area.