Huaqiao International Service Business Park realized an added value of 9.5 billion yuan ($152.6 million) in the service industry in 2012, increasing 41.8 percent compared to 2011. Service outsourcing had a year-on-year increase of 24.7 percent, reaching an added value of 1.15 billion yuan. As the only provincial-level modern service industry development zone in Jiangsu province, Huaqiao has formed a professional financial service outsourcing industrial chain.
Financial service outsourcing has become a modern service industrial cluster in Huaqiao Economic Development Zone. By the end of 2012, 106 financial service outsourcing enterprises had settled in Huaqiao, including Pactera Technology International, Wicresoft, Insigma Technology Company, Dell Services and Camelot Information Systems. Huaqiao has now become a widely recognized financial service outsourcing park with an optimized industrial chain.
Wang Xiaoliang, general manager of Capgemini Consulting (Kunshan), said, "The establishment of Capgemini Consulting (Kunshan) has shown our confidence in Huaqiao and our determination to develop here." Settling in Huaqiao in 2008, Capgemini Consulting (Kunshan) now has 450 employees and a business volume of 150 million yuan. Capgemini, headquartered in Paris, France, is a well-known enterprise in consulting, technology, outsourcing, and local professional services.
In the last four years, Huaqiao's financial service outsourcing base has become an industrial cluster with KPO enterprises such as Capgemini, Camelot and Sofmit Group; BPO enterprises including BOC Services, China Data Group and Jiangsu Yuanyang Data Processing; and IT enterprises represented by Global Data Solutions Limited and Centrin Data Systems. Huaqiao will provide support to Shanghai International Finance Centre and transform itself into a national financial service outsourcing park, attracting more foreign investments and financial institutions. By the end of 2015, Huaqiao will have more than 60,000 employees and realize a production value of 14 billion yuan in financial service outsourcing, becoming the "financial silicon valley" of China.
Edited by Michael Thai, Zhang Rui and Li Xiaoliang