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On November 5, the Ministry of Industry and Information Technology, the **General Administration of Work Safety Supervision and Management**, the **Development Bank**, and Ping An of China signed a Strategic Cooperation Agreement on Promoting the Development of the safety industry in Beijing. This agreement calls for the establishment of China’s first investment fund dedicated to the development of this industry, with a scale of 100 billion yuan. The four parties are committed to carrying out in-depth cooperation in the field of security, covering four aspects: formulating industrial policies and development plans, supporting enterprises and providing financial services, investing in and financing industrial development, and creating a favorable market ecosystem. Under the agreement, as the leading department responsible for fostering and developing the safety industry, the Ministry of Industry and Information Technology will work together with the **General Administration of Work Safety to coordinate with relevant departments of the State Council in formulating plans, policies, and standards related to this industry. It will also engage in close cooperation with the **Development Bank and Ping An Insurance of China in areas such as the interpretation of safety industry plans, their implementation, and project evaluation. In terms of enterprise support and financial services, **the Development Bank and Ping An of China will provide financial assistance for the research and development as well as industrialization of security technologies, as well as for the promotion and use of security equipment. They will also offer comprehensive financial services to companies in the security industry, including banking, insurance, trust, securities, funds, asset management, futures, Internet finance, real estate, and third-party payment services ； In terms of investment and financing for industrial development, the China Security Industry Development Investment Fund, jointly established by the four parties, will provide a market-based financial investment platform for the development of the security industry. The Ministry of Industry and Information Technology and the State Administration of Work Safety will guide the development direction of the China Security Industry Investment Fund, ensuring its integration with future industrial policies. Through the guidance provided by industry funds, sectors in the field of security that possess clear potential for development in the future are promoted. Through supporting policies for industrial development, industries that are beneficial to human security but require a long time to show results can get off to a good start, thereby promoting the growth of the entire security industry. The security industry is a strategic emerging industry with broad potential. To promote the development of China’s security industry, enhance its security capabilities, and foster new sources of economic growth, the aforementioned funds are intended to support the research and development of key technologies, the innovative development of major industries, the commercialization of significant achievements, the implementation of practical applications as demonstrations, and the building of innovative capabilities. It is understood that the fund intends to provide focused support for the development of new technologies, new products, new equipment, and new service models in the field of security. By establishing a safety technology innovation system centered on enterprises, market-oriented, and integrating government, industry, academia, research, and application, efforts will be made to address the common and key technical challenges that hinder the development of safety equipment in China, thereby raising the overall level of safety technologies and equipment in the country and enhancing the intrinsic safety level of society as a whole. With the rapid advancement of science and technology, the security industry will also benefit from the widespread adoption and application of emerging technologies such as sensor technology, Internet technology, and deep learning*. It is shifting from a focus on passive protection to one centered on active management, and from simple personal protective equipment to intelligent systems that enable 24/7 monitoring, as well as technologies that can replace human presence in particularly hazardous environments. This trend is in line with the development of science and technology, as well as with humanity’s ongoing pursuit and efforts to ensure safety. As participants in security industry investment funds, **the development banks and their affiliated institutions have the advantage of providing medium- to long-term financial support for strategic industries at a strategic level, thereby ensuring smooth progress for the fund projects** ； As a representative of comprehensive financial groups, Ping An of China boasts strong financial resources and a nationwide financial network with full range of licenses, enabling it to apply market-based project evaluation standards and provide comprehensive financial services for fund investments. This quadrilateral strategic cooperation is of great significance for thoroughly implementing the concept of safe development, continuously improving the inherent safety levels in various economic and social sectors, as well as disaster prevention, mitigation, and emergency response capabilities; it helps to effectively protect the lives and property of the people, foster the growth of emerging industries, and create new sources of economic growth ； At the same time, it holds great significance as a model for innovating cooperation models with social capital, investment and financing models for the development of innovative industries, as well as cooperation models between the financial and insurance sectors and the development of strategic emerging industries.