Analysis Of China To Undertake Financial Services Outsourcing Factors

Since the year of1990s, with the deep developing of financial globalization andrapid improving of economic integration. The new round of international industrialshift what optimizing the configuration of resources on a global scale is developingquickly. One of them, there the service industrial shift be progressing speedily whatformed as outsourcing. Banking, Insurers, Security and other financial institutionstake adequate consideration to Reduce costs, enhance core competitiveness andrealign strategy while the separation of international finance and refinement ofdepartment. They outsource some of financial backstage service that including dataprocess, data backup, clearing center, service software, system development and suchcards business.For host countries, emphasizing on the development of offshore outsourcing infinancial services is positive affected for the developing countries economics. Notmerely improving the service trade of host countries, bring much more jobs, but alsobenefiting on the charge of industry structure and transition of the country’s economicgrowth mode. Although our country which based on the widely market space,abundant cheap human resource, stable politic circumstance, and the rapid growth ofeconomic environment is being chose as suitable offshore outsourcing host country.Actually, the theory and practice of our country offshore outsourcing is still in theearly stage what is restricted and influenced by the factors such as hystereticoutsourcing industry, deficient jurisprudence, and finance information security creditsystem. While in the face of rising global industry structure adjustment andcompetition with others new countries, whether should we take the importantdeveloping chance of offshore outsourcing in financial services. It is being of greatsignificance to promote Chinese industry structure upgrade and develop of economicfast and good.Scholars at home and board always studied development status, tendency,competition and risk control, and in a majority way of how the outsourcer countrieschoosing a host country. The paper works on offshoring outsourcing in financialservice, analyzes with theory and practical in the perspective host country andintroduces background theory of our country and status of global outsourcing infinancial. The paper analyzes three economic effects and influence factors of ourcountry offshoring outsourcing. There had positive analyzed using multiple regression models with Eview6.0. In a conclusion, that the develop level of service andtechnology, human capital reserves is significant impact. Finally,The Innovation of this paper takes the macroscopic view from host countrystudying the offshoring outsourcing in financial service and positive analyses thefactors of our country outsourcing current situation by SWOT analysis. With thebackground the writer proposed something specific and practical. The paper is highlyrelevant that extending the influence factors of offshoring outsourcing into financialservice.