On June 22, CITIC Huaqiao Industrial Park launched an opening ceremony for its breaking ground for construction. The annual profit is expected to reach RMB 2-3 billion once the park is put into use.

Ren Xueyuan, member of the standing committee and director of the managing committee of Huaqiao economic development zone, addressed a speech at the ceremony.

Ren stressed CITIC Huaqiao Industrial Park’s position as a platform for financial service outsourcing and urged Huaqiao to provide a first-class environment for the construction to be completed according to the timetable, with a high standard.

Shanghai CITIC-Power Zhangjiang Industrial Park invests RMB 450 million in CITIC Huaqiao Industrial Park, covering an area of 83,000 m2. To add to the project’s advantage, the CITIC Group promises to supply credit loans to those enterprises, which enter the park.

Up to now, at least 10 middle- and high-end financial BPO enterprises are expected to purchase office areas in the park, according to statistics.

By Xie Fang