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The 8.8-billion yuan International Funds Business Park opened in Huaqiao April 27.

“Huaqiao International Funds Business Park is a tailor-made medium for all kinds of institutions and enterprises involving in funds and finance field at different level,” said Guan Aiguo, mayor of Kunshan, Jiangsu province. “Unique location merits and advantages, favored services and supports from government, professional policy priority and the privileged industry complex circumstance account for Huaqiao’s distinctive marks.”

Sixteen projects were signed for approval at the opening ceremony. Among those 16 are service outsourcing, headquarter business, funds business and service functioning. Genpact, the global pilot runner of business process and technical management, as well as Warburg Pincus, one American funds collector, and other joint-ventures chose Huaqiao International Funds Park as their destination to expand business. Huaqiao decided to become a funds industry cluster, absorbing 50 billion yuan injected within the next 3 to 5 years.

By Tang Zhi