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Ant is also involved in shaping China's digital currency architecture, according to the filings, which stated it is "one of a number of powerful commercial institutions" that the People's Bank of China, the central bank, summoned in late 2017 to develop the digital currency system.

Antonello Piancastelli, chairman of Yi Tsai, said that with the gradual opening of market access and investment channels, foreign financial institutions are taking up a more active role in China.

Ant Financial was spun off from Alibaba and obtained business independence in 2014, making it a powerful financial player.

Another important task for the province is to build close ties between the government and enterprises, according to Zhang.

Apart from strengthening fences along rivers and lakes, the department will conduct training for drivers on professional ethics and skills, emphasizing the importance of safeguarding lives.