FINANCIAL TECHNOLOGY | Staff Reporter, China

Guangdong opens data center for financial institutions

Fujitsu Technology Corporation builds US$29.5 million center.

The new facility at the Guangdong High-Tech Service Zone is Fujitsu’s first data center in China. The government said its establishment is a milestone in the zone's quest to attract financial investments and is part of a government strategy to develop back-office operations.

There are 27 financial projects in the zone during the first three quarters of the year. The registered capital and investments in the financial projects totaled US$1.6 billion while 40 more projects are in the pipeline. There are a total of 96 in the entire zone.

Of this total, 15 are related to back-office operations and service outsourcing, seven are in banking, four are insurance firms, four are in securities, 64 are private equity and venture capital businesses and two are in financing and leasing.

Designed as a high-tech service zone for back-office operations, the zone is interested in expanding into financial innovation; R&D; data processing; clearing and settlement; financial information and consulting; real-time call answering; disaster recovery; training; insurance asset management; bankcards; private equity and venture capital.

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