Services park takes shape
By Hu Xiaocen |
July 18, 2012, Wednesday
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Print Edition
Print Edition
AN industrial park specializing in outsourcing services to financial institutions broke ground in Shanghai's Jiading District yesterday.
Shanghai Financial Valley has two major clusters with a total construction area of one million square meters. The first phase of the project will be completed in three to five years.
"The outsourcing service providers will set up their head offices and operation centers in the park," said a spokesman.
"The place will become the back office that provides clearing and trading services for big financial institutions. The first phase of the project required an investment of 3.1 billion yuan (US$485.5 million) and will provide 15,000 job opportunities."
Shanghai Financial Valley has two major clusters with a total construction area of one million square meters. The first phase of the project will be completed in three to five years.
"The outsourcing service providers will set up their head offices and operation centers in the park," said a spokesman.
"The place will become the back office that provides clearing and trading services for big financial institutions. The first phase of the project required an investment of 3.1 billion yuan (US$485.5 million) and will provide 15,000 job opportunities."
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