Long Yongtu China's BFSI Outsourcing is Promising

36c72mbn24jh

In a speech delivered at the China Banking, Financial Services and Insurance (BFSI) Outsourcing Summit held yesterday at Huaqiao Economic Development Zone in the east end of Kunshan,[link widoczny dla zalogowanych], Zhejiang province, Long Yongtu, Secretary-General of the Boao forum, said China's BFSI is invulnerable to the attack of the financial crisis,[link widoczny dla zalogowanych], which was caused by America's subprime mortgage loan,[link widoczny dla zalogowanych], adding "BFSI outsourcing in China is promising".
Dr Peng Zhuangzhuang, a McKinsey Global partner,[link widoczny dla zalogowanych], declared the same opinion. He said FBSI BPO, an emerging industry in China, has developed fast, with a 20% development rate for each year.
"The main force of investment for 2010 will be medium- and small-sized enterprises and private businesses, which requires quantity of technical support from BFSI outsourcing providers," said Tang Min,[link widoczny dla zalogowanych], deputy secretary-general of the China Development Research Foundation.
He called on banks to create new loan models to help small loan companies finance and develop.