Ten funds and five enterprises settled in Huaqiao.

On Oct 20, over 200 elites from domestic and foreign finance and financial service outsourcing industries came to Huaqiao, Jiangsu province to attend the third China Banking, Financial Services and Insurance (BFSI) Outsourcing Summit.

The summit is hosted by Huaqiao International Service Business Park. All participants made in-depth discussion on the topic of "financial services promoting the rearrangement of financial resources and the innovation and cooperation of intellectual capital".

Through thinking collisions, intellectual exchange and discussion on the frontier issues about Chinese and global financial services and outsourcing, the 2011 China BFSI Outsourcing Summit further consolidated its brand effect of high level, high efficiency and high quality in the industry and became an optimal platform for information exchange and resource connection of the financial service and outsourcing industry.

With the opening of the summit, ten funded projects and five service outsourcing projects signed contracts to be located in the Huaqiao International Service Business Park. They will push on Huaqiao’s endeavor for developing a "full industrial chain" financial service cluster.

At the summit, government officials, scholars and experts explained the policies relating to financial services and analyzed the development trends of the financial service outsourcing industry. The guests gave speeches and attended senior dialogue and round-table meetings on many extended topics about "financial services promote the rearrangement of financial resources and the innovation and cooperation of intellectual capital".

The China BFSI Outsourcing Summit was initiated and hosted by the Huaqiao International Service Business Park. The summit has been successfully held three times in a row, receiving good responses in the domestic and foreign financial service sectors and is reputed as the most influential annual conference in the Chinese financial service and outsourcing fields. Huaqiao International Service Business Park is one of the earliest specialized parks with financial service outsourcing as a characteristic industry in China. Since the initiation of its construction in 2006, Huaqiao International Service Business Park has been making unremitting efforts to develop a top financial service outsourcing industrial park and accelerate industrial agglomeration.

By now, some famous international outsourcing companies such as: Capgemini and Genpact, leading service outsourcing companies such as: M&Y Data Solutions, VanceInfo Creative and Insigma, famous domestic financial BPO companies such as: China Data Group and Yidc.Net, IT infrastructure service companies such as: Centrin Data and GDS Infrastructure, famous software outsourcing companies such as: Wicresoft, BJB and Sofmit, and voice call outsourcing companies such as: Bank of China Financial Business Co Ltd and 800 TeleServices have settled in the park. As have financial service projects such as: NOAH, EVOC Finance and Tianjun Financial Supermarket, and the fund projects such as: Hilhouse Capital and GTJA Fund.

The park has established a sound financial service and outsourcing industry chain. The financial service industry has become its most characteristic and most dynamic industry. At the same time, the park has been committed to developing a comprehensive innovation environment, suiting the development of the financial service industry, studying and exploring an effective way to accelerate the clustered development of the financial service industry, achieving a certain effect.

Based on the development characteristics of the financial service industry, the park has initiated and built specialized carriers such as financial BPO industrial park, financial park, fund industrial park, BNC information center and CITIC Huaqiao industrial park. The park has also exerted effort to raise the carrying capacity of the area to industries and promote clustered development of financial service and financial outsourcing.

In 2009 and 2010, the park was rated one of "the ten best service outsourcing parks in China". Its industrial influence and attraction keep increasing.

At the financial summit, 10 funded projects including Minsheng Kaiyuan Fund and GTJA Medical Fund, and five service outsourcing projects including EVOC Group and Jiabao NetMovie, signed contracts to settle down in the Huaqiao Economic Development Zone. The contracts laid a foundation for Huaqiao International Service Business Park’s bid to quicken the building of a financial service outsourcing industrial park with the highest degree of agglomeration, the most perfect industrial chain and the largest influence in China, taking the lead in forming a "full industrial chain" financial service cluster influential in China and even the whole world.

This summit also held an award ceremony for the selection of industrial elites for "innovation and cooperation of the financial service in China". Seventeen companies including BMW Automotive Finance (China) Co Ltd, Bohai Industrial Investment Fund Management Co Ltd and CBC (Beijing) Credit Management Co Ltd were granted the “Award for Best Business Practice in Financial Service Innovation in China”. Ten industrial elites including Peng Yanan, general manager of Bank Card Department of Bank of China Jiangxi Branch, and Chen Lifeng and Xu Shaochun, presidents of VanceInfo Technologies Inc., were granted the "Award for Industrial Elites in Financial Service Innovation in China".