The global financial crisis has led to financial restructuring, bringing opportunities for Huaqiao International Service Business Park whose leading industry is financial service outsourcing. In the first quarter of this year, Huaqiao introduced over 80 service projects. The registered foreign capital increased by $170 million, up 45.85% over the same period of the previous year, among which the registered foreign capital in service industry amounts to $156 million, an increase of 36.94%. The actual utilized foreign capital is $80.49 million, up by 279.67% over the same period of the previous year. The registered non-governmental capital was increased by $546 million, among which the registered non-governmental capital in service industry is $496 million, an increase of 51.92%.

Huaqiao strengthens investment recruitment through industrial chains, leading to an apparent agglomeration effect in the financial service outsourcing industry. The ongoing financial downturn has accelerated the development of financial service outsourcing and creates a new wave of industry transfer.

Faced with this dire situation, Huaqiao has made unremitting efforts to advance the establishment of the financial service outsourcing base, enlarging the industrial scale and constructing the industrial chains of the financial service outsourcing.

With companies such as Capgemini and Sofmit Group as the basis, Huaqiao has made significant efforts to introduce outsourcing companies dealing with financial software research, consulting and management, and to develop high-level financial service outsourcing industry. With companies such as China Data Group as the basis, the Park introduces BPO providers and enlarges the scale of the financial service outsourcing industry. With Centrin Data Systems as the basis, Huaqiao develops IT infrastructure outsourcing services.

The Business Park optimizes the industrial environment by providing the policies suitable for the development of the modern service industry. This year, to provide enterprises in the Business Park a more favorable environment, Huaqiao has been strengthening the communication and coordination with relevant higher authorities, and striving for their policy and financial support.

The development strategy research center has been established to study the direction, goal and measures of the industrial development. The implementation of talent policy is being intensified, meanwhile, various industrial policies have been optimized and reward policies for recruiting investment through intermediary agencies have been formulated.

To financially support the industrial development, Huaqiao innovates in the finance and investment mechanism, introduces venture capital firms, and promotes the operation of the BPO industry fund. The favorable policies give vigor to Huaqiao’s investment recruiting in service industry.

Huaqiao attracts high-level programs with highly effective and professional service. This year, all departments at all levels innovate in service mode, strengthen the coordination among different departments, and provide a full range of professional services to make the programs signed, constructed and operated efficiently.

The Business Park has built the guest service center with a professional customer service team, where the existing service resources are integrated and the specialized, customized services that covers the whole process of investment are improved in accordance with international practice.

In the first quarter of this year, Huaqiao introduced over 80 service programs of various kinds. Large-scale service programs such as Sofmit Group have come into the Park. To date, Huaqiao has introduced over 300 service programs in total, with the total investment volume of 40 billion yuan, among which more than 100 are large scale and modern ones. A group of financial service outsourcing enterprises such as Capgemini, Sofmit Group, China Data Group, Centrin Data Systems, and Tangram Customer Interaction Center has come into the Park, forming an almost complete financial service outsourcing industry.

Over 20 domestic and foreign companies such as NSK Ltd., Kingboard Chemical Holdings Ltd., and Zhongcheng Group have selected Huaqiao as the location of their headquarters in China or in East China, accelerating the process of building Huaqiao as a base for headquarters of enterprises. Logistics companies such as BLOGIS, Decathlon Group and New City Group have come into Huaqiao as well.

Now the Business Park is exerting influence in global financial restructuring. Enterprises in four big fields, ranging from service outsourcing, headquarters economy, logistics and trading, gather here, making Huaqiao one of the most vigorous economic zones with great development potential in Kunshan and even in Jiangsu Province.