DOCSLIB.ORG

Annual Report Annual

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report Annual 商務園區運營專家 www.yidachina.com 20 億達中國控股有限公司 16 ANNUAL REPORT 中華人民共和國（「中國」）總部 Headquarter In The People’s Republic Of China (“PRC”) 中國遼寧省大連市沙河口區東北路93號億達廣場4座 Block 4, Yida Plaza, 93 Northeast Road, Shahekou District, 億達中國控股有限公司 Dalian, Liaoning Province, PRC YIDA CHINA HOLDINGS LIMITED 香港主要營業地點 (Incorporated in the Cayman Islands with limited liability) Principal Place Of Business In Hong Kong 香港金鐘金鐘道88號太古廣場二座12樓1215室 (於開曼群島註冊成立的有限公司） Suite 1215, Two Pacific Place, 88 Queensway, 年度報告 Admiralty, Hong Kong 股份代號 Stock Code : 3639.HK 015530 CONTENTS Corporate Overview 2 Independent Auditor's Report 73 Corporate Information 3 Consolidated Statement of 81 Profit or Loss Financial Summary 5 Consolidated Statement of 82 Chairman’s Statement 6 Comprehensive Income Management Discussion and Analysis 10 Consolidated Statement of 83 Financial Position Environmental, Social and 38 Governance Report Consolidated Statement of 85 Changes in Equity Profile of Directors and 44 Senior Management Consolidated Statement of 86 Cash Flows Directors’ Report 49 Notes to Financial Statements 88 Corporate Governance Report 62 2 Yida China Holdings Limited Annual Report 2016 Corporate Overview Yida China Holdings Limited (the “Company”), together with In November 2016, China Minsheng Jiaye Investment Co., its subsidiaries (collectively referred to as the “Group”), was Ltd (“CMJYI”) acquired the shares of the Company through established in 1988 with its headquarters in Dalian. It is the its wholly-owned subsidiary Jiayou (International) Investment largest business park developer and a leading business park Limited (“Jiayou”). As at the date hereof, CMJYI holds operator in the PRC. It is principally engaged in the approximately 61.11% equity interest of the issued shares of development and operation of business parks, the the Company and is the controlling shareholder of the development and sale of multi-functional and integrated Company. CMJYI holds a positive attitude toward the residential communities, construction, decoration, prospects of the real estate sector and highly recognizes the landscaping, the management of business parks and Group’s experience and resources in the development and property management services. The Company was operation of business parks. Looking into the future, with the successfully listed (the “Listing”) on the Main Board of The vision of growing into the best business park operator in Stock Exchange of Hong Kong Limited (the “Stock China, the Group will seek for suitable investment and Exchange”) on 27 June 2014. development opportunities while speeding up horizontal integration, vertical expansion and output management of With its strong integration ability in urban and industrial business parks by leveraging the strong capital operation planning and design, the Group actively participated in and industry and finance integration capabilities of its urban planning and design with local governments and has controlling shareholders. established strategic partnerships with several local governments. Its outstanding results and management As at the end of 2016, the Group has completed its strategic ability in business park operation has attracted the residence outlay in terms of the development and operation of of globally leading enterprises and established long-term business parks in major cities such as Dalian, Wuhan, and stable cooperation relationships with them. Its fully Beijing, Shanghai, Shenzhen, Suzhou, Hangzhou, integrated service capabilities, with construction, Changsha, Tianjin, Hefei, Chengdu, Zhengzhou and Xi’an. landscaping, decoration and property management businesses guaranteed the services quality, the properties quality and pricing competitiveness of the Group. In addition, its management team with extensive experience and high recognition of corporate culture provides strong support to the future development of the Group. Since 1998, the Group has led the development and operation of Dalian Software Park, Dalian BEST City Core Area Business Park (“Dalian Best City”), Wuhan First City, Yida Information Software Park, Dalian Ascendas IT Park and Dalian Tiandi. It also participated in the development and operation of Wuhan Optical Valley Software Park and Tianjin Binhai Service Outsourcing Industry Park through BOT (Build-Operate-Transfer) arrangements. Since the second half of 2014, the Group continued in expanding its light asset business, contracted a few business parks, entrusted operation and management projects of office buildings, and consultation service projects, as well as entered into several strategic cooperation agreements in order to lay a foundation for further cooperations. Yida China Holdings Limited Annual Report 2016 3 Corporate Information Board of Directors Registered Office Executive Directors Cricket Square Mr. Zhang Zhichao (Chairman) Hutchins Drive Mr. Jiang Xiuwen (Chief Executive Officer) P.O. Box 2681 Mr. Gao Wei Grand Cayman KY1-1111 Mr. Chen Donghui Cayman Islands Ms. Ma Lan Headquarters in the People’s Republic of Non-executive Directors China (“PRC”) Mr. Sun Yansheng Block 4, Yida Plaza Mr. Zhao Xiaodong 93 Northeast Road Mr. Chen Chao Shahekou District Dalian, Liaoning Province Independent Non-executive Directors PRC Mr. Yip Wai Ming Mr. Guo Shaomu Principal Place of Business in Hong Kong Mr. Wang Yinping Room 1215, 12th Floor Mr. Han Gensheng Building 2, Pacific Place 88 Queensway Joint Company Secretary Admiralty Ms. Wang Huiting Hong Kong Ms. Kwong Yin Ping Yvonne Principal Share Registrar and Authorized Representatives Transfer Office Ms. Ma Lan Codan Trust Company (Cayman) Limited Ms. Wang Huiting Cricket Square Hutchins Drive Board Committees P.O. Box 2681 Grand Cayman KY1-1111 Audit Committee Cayman Islands Mr. Yip Wai Ming (Chairman) Mr. Guo Shaomu Hong Kong Branch Share Registrar Mr. Wang Yinping and Transfer Office Mr. Han Gensheng Computershare Hong Kong Investor Remuneration Committee Services Limited Shops 1712–1716, 17th Floor Mr. Wang Yinping (Chairman) Hopewell Centre Mr. Jiang Xiuwen 183 Queen’s Road East Mr. Guo Shaomu Wanchai Mr. Han Gensheng Hong Kong Nomination Committee Mr. Zhang Zhichao (Chairman) Mr. Jiang Xiuwen Mr. Yip Wai Ming Mr. Wang Yinping Mr. Han Gensheng 4 Yida China Holdings Limited Annual Report 2016 Corporate Information (continued) Auditors Ernst & Young Certified Public Accountants Legal Advisors As to Hong Kong Law Sidley Austin As to PRC Law Commerce & Finance Law Offices As to Cayman Islands Law Conyers Dill & Pearman (Cayman) Limited Principal Bankers The Export-Import Bank of China China Minsheng Bank Dalian Branch China CITIC Bank Dalian Branch China Construction Bank Dalian Branch Bank of China Dalian Branch Stock Code 3639 Company’s Website www.yidachina.com Yida China Holdings Limited Annual Report 2016 5 Financial Summary A summary of the results and of the assets, liabilities and non-controlling interests of the Group for the last five financial years, as extracted from the published audited financial statements and the prospectus of the Company dated 17 June 2014, is set out below: Year ended 31 December 2016 2015 2014 2013 2012 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RESULTS REVENUE 7,004,548 7,473,200 7,711,305 6,399,179 6,000,667 Cost of sales (5,460,083) (5,400,560) (5,280,673) (4,293,662) (3,913,480) Gross profit 1,544,465 2,072,640 2,430,632 2,105,517 2,087,187 Other income and gains 660,191 134,733 108,550 256,177 52,269 Selling and distribution costs (215,505) (210,469) (302,206) (304,413) (228,476) Administrative expenses (434,358) (386,458) (427,116) (449,562) (353,221) Other expenses (366,238) (36,708) (165,370) (64,314) (87,179) Fair value gains on investment properties 201,219 215,066 58,864 411,566 635,814 Finance costs (278,346) (311,004) (190,699) (260,464) (92,010) Share of profits and losses of: Joint ventures 15,466 62,975 31,543 1,540 146,214 Associates (96,142) (99,152) (52,563) (28,726) 40,124 PROFIT BEFORE TAX 1,030,752 1,441,623 1,491,635 1,667,321 2,200,722 Income tax expenses (456,599) (620,155) (594,791) (810,059) (801,047) PROFIT FOR THE YEAR 574,153 821,468 896,844 857,262 1,399,675 Attributable to: Owners of the parent 564,000 821,263 896,887 827,865 1,310,691 Non-controlling interests 10,153 205 (43) 29,397 88,984 574,153 821,468 896,844 857,262 1,399,675 As at 31 December 2016 2015 2014 2013 2012 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 ASSETS, LIABILITIES AND NON-CONTROLLING INTERESTS TOTAL ASSETS 35,959,502 34,518,188 36,156,451 36,662,498 36,125,255 TOTAL LIABILITIES (25,812,973) (25,109,702) (27,177,375) (29,671,497) (28,936,120) NON-CONTROLLING INTERESTS (274,189) (12,105) (1,399) (1,426) (285,166) 9,872,340 9,396,381 8,977,677 6,989,575 6,903,969 CHAIRMAN’S STATEMENT Dear shareholders, I am pleased to present you the annual results of the Group for the year ended 31 December 2016 (the “Year”). Results The contracted sales amount of the Group for the year ended 31 December 2016 was about RMB8,305.0 million, representing an increase of 12.9% compared with the corresponding period of last year. During the year ended 31 December 2016, the recorded revenue of the Group was RMB7,004.55 million, representing a decrease of 6.3% compared with the corresponding period of last year, of which property rental income increased by 5.8% to RMB382.50 million. The net profit attributable to equity owners of the Company was RMB564.00 million. The core net profit after deducting fair value gains on investment properties (net of tax) was Chairman RMB413.1 million. Zhang Zhichao 8 Yida China Holdings Limited Annual Report 2016 Chairman’s Statement Review of 2016 The operation and management abilities in the business park operation and management sector continues to Continuing to follow the strategy of “asset-light combined improve. During the Year, the Group formulated nearly 260 with asset-heavy operation”, the Group fully implemented service standards by consolidating the detailed services to the business expansion nationwide, achieving anticipated enterprises in the park.
Load more

Recommended publications
  • Annual Report 1 Corporate Overview
    ai161915073836_Yida AR20 Cover_21.5mm_output.pdf 1 23/4/2021 下午12:05 C M Y CM MY CY CMY K Contents Corporate Overview 2 Corporate Information 3 Financial Summary 5 Chairman’s Statement 7 Management Discussion and Analysis 11 Environmental, Social and Governance Report 39 Profile of Directors and Senior Management 60 Directors’ Report 65 Corporate Governance Report 80 Independent Auditor’s Report 90 Consolidated Financial Statements • Consolidated Statement of Profit or Loss 97 • Consolidated Statement of Comprehensive Income 98 • Consolidated Statement of Financial Position 99 • Consolidated Statement of Changes in Equity 101 • Consolidated Statement of Cash Flows 103 • Notes to the Consolidated Financial Statements 105 Yida China Holdings Limited 2020 Annual Report 1 Corporate Overview Yida China Holdings Limited (the “Company”), together with its industrial upgrading strategies, fully integrated internal and external subsidiaries (collectively referred to as the “Group”), founded in resources, further developed and operated Dalian Ascendas IT Park, 1988, headquartered in Shanghai, is China’s largest business park Tianjin Binhai Service Outsourcing Industrial Park, Suzhou High- developer and leading business park operator. The main business tech Software Park, Wuhan Guanggu Software Park, Dalian Tiandi, involves business park development and operation, residential Dalian BEST City, Wuhan Software New Town, Yida Information properties within and outside business parks and office properties Software Park and many other software parks and technology sales, business park entrusted operation and management and parks. It helped the Group achieve its preliminary strategic goals of construction, decoration and landscaping services. On 27 June “National Expansion, Business Model Exploration and Diversified 2014, the Company was successfully listed (the “Listing”) on the Cooperation”.
    [Show full text]
  • Parks and Valleys Growing Asia’S Software Industries
    Parks and Valleys Growing Asia’s software industries An Economist Intelligence Unit white paper Sponsored by the Business Software Alliance Parks and valleys Growing Asia’s software industries Contents 4 Executive summary 6 Introduction: Desperately seeking software 8 Foundations of a software industry A vibrant venture capital industry A software talent pool Communications infrastructure 14 Four Asian software parks Malaysia paves the way Taiwan builds on high-tech legacy Foreign investment spurs Vietnam Dalian creates outsourcing niche 19 Entrepreneurialism over innovation Launching start-ups Knowledge sharing and innovation Fostering home-grown companies 23 Conclusions: Economic reform is the greatest lever © The Economist Intelligence Unit 2008 1 Parks and valleys Growing Asia’s software industries © 2008 The Economist Intelligence Unit. All rights reserved. All information in this report is verified to the best of the author’s and the publisher’s ability. However, the Economist Intelligence Unit does not accept responsibility for any loss arising from reliance on it. Neither this publication nor any part of it may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the Economist Intelligence Unit. 2 © The Economist Intelligence Unit 2008 Parks and valleys Growing Asia’s software industries Preface Parks and valleys: Growing Asia’s software industries is an Economist Intelligence Unit white paper, sponsored by the Business Software Alliance. The research was based on interviews, conducted in October and November 2007, with executives of companies based in software parks in Asia, administrators of the parks and employees of venture capital companies.
    [Show full text]
  • The Role of Standards in Technology Driven Commodity Chains: the Information and Communication Technology Services Industry in Dalian, China, and Bangalore, India1
    Chapter 4 The Role of Standards in Technology Driven Commodity Chains: The Information and Communication Technology Services Industry in Dalian, China, and Bangalore, India1 Balaji Parthasarathy Bharath M Palavalli 1 Introduction In July 2007, IDC (International Data Corporation), a consulting firm, developed a Global Delivery Index (GDI) to compare 35 cities in 18 countries in the Asia Pacific region as potential offshore delivery centers for information and communication technology (ICT) services. The comparison was based on 30 criteria including cost of labor, cost of rent, language skills and turnover rate (Table 1). The Indian cities Bangalore, New Delhi and Mumbai were ranked first, third, and fourth while the Chinese cities Dalian, Beijing and Shanghai, were ranked fifth, sixth and seventh. IDC predicted that, by 2011, Chinese cities like Dalian would outstrip their Indian counterparts to become the most preferred global delivery locations in the world. Table 1: IDC's Global Delivery Index-Asia/Pacific (2007-2008) Position 2007 2008 1 Bangalore Bangalore 2 Manila New Delhi 3 New Delhi Manila 4 Mumbai Beijing 5 Dalian Auckland 6 Shanghai Shanghai 7BeijingMumbai 8SydneyBrisbane 9 Brisbane Dalian 10 Auckland Kuala Lumpur Source: http://www.businessweek.com/blogs/asiatech/archives/2007/07/idc_says_china.html Note: 2008 rankings are based on different parameters But, the industry in Dalian does not seem to be living up to the prediction about outstripping its competitors. By 2008, Dalian slipped to the ninth position in 1 This research was supported by the Institute of Developing Economies, Japan. We thank Dr.Moriki Ohara and Ms.Hiromi Hinata for their help during the field work in Dalian in August 2009.
    [Show full text]
  • Tohoku Economics Research Group
    Discussion Paper No.293 The Formation of the Software and Information Services Industry in Dalian, China Yan Zhang and Nozomu Kawabata April 2013 TOHOKU ECONOMICS RESEARCH GROUP GRADUATE SCHOOL OF ECONOMICS AND MANAGEMENT TOHOKU UNIVERSITY 27-1 KAWAUCHI, AOBA-KU, SENDAI, 980-8576 JAPAN 2 The Formation of the Software and Information Services Industry in Dalian, China Yan Zhang (Fujitsu Research Institute) Nozomu Kawabata (Tohoku University) 1. Introduction (1) The Purpose of This Study The purpose of this paper is to elucidate the factors leading to the formation of the software and information services industry in the city of Dalian, China. Studies on information services industries around the world acknowledge India as a center for offshore development and service outsourcing. In contrast, China’s information services industry has a higher ratio of software product development targeting domestic markets (Gregory et al., 2009, Chapter 4). Dalian, however, has prospered as a hub for development and services aimed at Japanese market. While the sales volume and value of exports for the software and information services industry in Dalian were over 200 million yuan and several million dollars, respectively, in 1998, the figures exceeded 40.27 billion yuan and 1.4 billion dollars, respectively, in 2009. The export ratio is 23.8% based on the conversion to the U.S. dollar using each year’s foreign exchange rate. This is significantly higher than the 13.2% export ratio of the entire Chinese software and information services industry (Figure 1). In addition, 90.9% of Dalian’s exports are directed to Japan (Dalian Economic and Information Technology Committee et al., 2009), a percentage considerably greater than that for all of China, which is approximately 60% (Department of Software and Services Industry, Ministry of Industry and Information Technology of the People’s Republic of China, et al., 2010).
    [Show full text]
  • Shahid Yusuf and Kaoru Nabeshima Contrasting Development Paths For
    Public Disclosure Authorized Shahid Yusuf and Kaoru Nabeshima TWO Public Disclosure Authorized DRAGON HEADS Contrasting Development Public Disclosure Authorized Paths for Beijing and Shanghai Public Disclosure Authorized Two Dragon Heads Two Dragon Heads Contrasting Development Paths for Beijing and Shanghai Shahid Yusuf Kaoru Nabeshima Washington, D.C. © 2010 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: [email protected] All rights reserved 1 2 3 4 12 11 10 09 This volume is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgement on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development / The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; telephone: 978-750-8400; fax: 978-750-4470; Internet: www.copyright.com.
    [Show full text]
  • Annual Report
    億達中國控股有限公司 YIDA CHINA HOLDINGS LIMITED (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司） 股份代號 Stock Code : 3639.HK 2018 ANNUAL REPORT 年度報告 商務園區運營專家 www.yidachina.com 2 018 ANNUAL 億達中國控股有限公司 R E 中華人民共和國（「中國」）總部 PO Headquarter In The People’s Republic Of China (“PRC”) R 中國上海市黃浦區福佑路8號中國人保大廈5樓 T 5/F, People’s Insurance Mansion, No. 8, Fuyou Road, 年度報 Huangpu District, Shanghai, PRC 香港主要營業地點 Principal Place Of Business In Hong Kong 香港金鐘金鐘道88號太古廣場二座12樓1215室 告 Suite 1215, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong Contents Corporate Overview 2 Corporate Information 4 Financial Summary 6 Chairman’s Statement 8 Management Discussion and Analysis 12 Environmental, Social and Governance Report 52 Profile of Directors and Senior Management 68 Directors’ Report 74 Corporate Governance Report 86 Independent Auditor’s Report 96 Consolidated Financial Statements • Consolidated Statement of Profit or Loss 104 • Consolidated Statement of Comprehensive Income 105 • Consolidated Statement of Financial Position 106 • Consolidated Statement of Changes in Equity 108 • Consolidated Statement of Cash Flows 109 • Notes to the Consolidated Financial Statements 111 Corporate Overview Yida China Holdings Limited (the “Company”), together with its resources, further developed and operated Dalian Ascendas IT Park, subsidiaries (collectively referred to as the “Group”), founded in Tianjin Seafront Service Outsourcing Industrial Part, Suzhou High- 1988, headquartered in Shanghai, is China’s largest business park tech Software Park, Wuhan Guanggu Software Park, Dalian Tiandi, developer and leading business park operator. The main business Dalian BEST City, Wuhan Software New Town, Yida Information involves business park development and operation, residential Software Park and many other software parks and technology properties within and outside business parks and office properties parks.
    [Show full text]
  • Development of and Change in the Software and IT-Enabled Services Industry in Dalian, China
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE Development of and change in the software and IT-enabled services industry in Dalian, China 著者 Zhang Yan journal or TERG Discussion Papers publication title number 361 page range 1-18 year 2017-03 URL http://hdl.handle.net/10097/00121009 Discussion Paper No.361 Development of and change in the software and IT-enabled services industry in Dalian, China Yan Zhang March 2017 TOHOKU ECONOMICS RESEARCH GROUP Discussion Paper GRADUATE SCHOOL OF ECONOMICS AND MANAGEMENT TOHOKU UNIVERSITY 27-1 KAWAUCHI, AOBA-KU, SENDAI, 980-8576 JAPAN Development of and change in the software and IT- enabled services industry in Dalian, China Yan Zhang (Tohoku University) Abstract The software and IT-enabled services (ITES) industry in Dalian, China exhibits certain characteristics given its deep relationship with Japan. However, of late, the proportion of exports to Japan has decreased substantially. Hence, Dalian must progress from being an offshore base for Japan. T his study discusses the changes in the domestic and international environments and analyzes their causes to explain the growth in the ITES industry in Dalian. In recent years, software and ITES companies in Dalian have been upgrading offshore services to Japan and expanding their business for the domestic market. Meanwhile, the positive lock-in effect to Japan has effectively advanced to upstream or high value processes in the software industry through long-term business relationships with Japanese partners. Furthermore, China’s domestic business is facing a spillover effect from the use of the human resources and technology accumulated through offshore development in Japan.
    [Show full text]
  • World Bank Document
    Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Revolution Information and Social Transformation and Social Managing theEconomic 39975 China’s Information Revolution China’s Information Revolution Managing the Economic and Social Transformation Christine Zhen-Wei Qiang Washington, D.C. © 2007 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: [email protected] All rights reserved 1 2 3 4 10 09 08 07 This volume is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The findings, interpretations, and conclusions expressed in this volume do not neces- sarily reflect the views of the Executive Directors of TheWorldBank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgement on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruc- tion and Development / The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; telephone: 978-750-8400; fax: 978-750-4470; Internet: www.copyright.com.
    [Show full text]
  • Offshore Outsourcing of Knowledge Based Industry: Software and ITES Sector
    Ohara, Moriki, and Koichiro Kimura, eds. 2009. Comparative Study on Industrial Development Process in China and India. Interim Report. Chiba: Institute of Developing Economies. Chapter 3 Offshore Outsourcing of Knowledge Based Industry: Software and ITES Sector Hiromi Hinata Abstract India and China have emerged as two of the world’s fastest growing economies. While China‘s fast growth has been based on rapid industrialization, India’s recent growth has been lead by the service sector, particularly software and information technology enabled services (ITES). China is now speeding up the development of software and ITES, but nonetheless still at an early stage of sector development. China has strengths and advantages for the growth of software and ITES sector such as strong government support, strong infrastructure, a large talent pool, solid platform for cultivating Asian market and untapped domestic market. By leveraging these advantages, China may take different trajectories from India and become unique global outsourcing destination. Keywords: China, India, software, information technology enabled service, government policy, human capital, Bangalore, Dalian 77 1 Introduction India and China have emerged as two of the world’s fastest growing economies. While China’s fast growth has been based on rapid industrialization, India’s recent growth has been lead by the service sector, particularly software and information technology enabled services (ITES). Software and ITES are high value-added, environmentally protected and relatively lower natural resource consumption compared to manufacturing sector. Also, the sector absorbs large number of educated human resources. China is now speeding up the development of software and ITES to realize industry strategic adjustment and take advantage of its rich human resources.
    [Show full text]
  • DALIAN NEUSOFT UNIVERSITY of INFORMATION Reliable and Secure Digital Learning Environment Elevates the Student Experience CASE STUDY
    DALIAN NEUSOFT UNIVERSITY OF INFORMATION Reliable and Secure Digital Learning Environment Elevates the Student Experience CASE STUDY OVERVIEW ESTABLISHING A SMART CAMPUS AND Dalian Neusoft University of Information is a private university founded in 2000 by ONBOARDING WITH BETTER WI-FI Neusoft Holdings in the province of Liaoning in northeast China. The university is located Wi-Fi has become a crucial component in the educational infrastructure at Dalian Software Park, with a gross floor available on today’s campuses. However, issues with network disconnections, area of 399,000 square meters. It focuses on slow download speeds and recurring login interface screens, are a constant engineering as a core discipline, with over source of frustration for students on those networks. 14,000 students in total. REQUIREMENTS THE CHALLENGE • Improve and expand reliable, high-speed Dalian Neusoft University is a private university located in the province of wireless network services across the entire Liaoning in northeast China. The university has 14 teaching institutions campus for both teachers and students spread over a gross floor area of 399,000 square meters and serves over 14,000 students. The university first deployed its wireless network several • Provide a highly flexible network that not only supports multiple applications, but years ago, and due to limited budgets, only provided fundamental wireless also keeps pace with the evolving needs of network access at the 802.11n/g standard. On average, one to two access students and technology points (APs) were shared by over 180 mobile devices, serving 60 to 90 users from 15 dormitory rooms on the same floor.
    [Show full text]
  • Ascendas Opens New It Park Flagship in China
    Press release EMBARGOED TILL 6.30PM, 5 SEPT 2007 ASCENDAS OPENS NEW IT PARK FLAGSHIP IN CHINA • Focal point for next phase of Dalian’s BPO growth • Attracts MNCs Konica-Minolta and NetApps • SM: another world-class IT Park 1. Dalian, China (September 5, 2007) – Ascendas, Asia’s leading business space solutions provider, commemorated the first phase completion of its new IT park flagship in Dalian – the Dalian Ascendas IT Park (DAITP) with a grand official opening ceremony today, graced by Senior Minister of Singapore, Mr Goh Chok Tong. The IT park project, located in the Dalian Hekou International Software Park, is a joint venture between Ascendas and Dalian Software Park. 2. The 35-hectare park will set a new benchmark for IT parks in China with the introduction of an all-new international business lifestyle concept to the region. The IT Park will provide a world-class focal point for the development of Dalian’s BPO (Business Process Outsourcing), ITO (Information Technology Outsourcing) and software R&D sectors. Total investment is estimated at US$200 million for the campus of eight buildings that will be developed in phases over a five to eight-year time period, depending on market demand. DAITP will offer a total of six million sq ft of high quality space when fully completed. 3. The 11-storey US$62 million Phase One building has released one million sq feet of space to the market. Already, 25% of the space has been signed up and the pipeline is strong. Among the tenants are Japanese MNC Konica Minolta, US-based storage and data management solutions provider Network Appliance, and leading local software company Dalian Hi-Think Computer Technology.
    [Show full text]
  • Dalian Software Park Partners Singapore's Ascendas to Launch 35
    Joint Press Release EMBARGOED till 5.30 pm on 22 June 2005 Dalian Software Park partners Singapore’s Ascendas to launch 35-hectare IT Park along Dalian coast - Project commences with US$62 million Phase One 1. Dalian, Wednesday, 22 June 2005: Two IT park giants – Dalian Software Park (DLSP) and Ascendas, Asia’s leading business space provider, have joined forces in a 50:50 joint venture to develop a top-quality 35-hectare IT Park along the picturesque Dalian coast. 2. The partners are expected to invest about US$62 million in developing the first phase of 7- hectares, which will create 100,000 sqm of quality space in an 11-storey building, as well as a central amenities hub, when completed by end 2006. The entire 35-hectare development, to be fully completed in 5 to 8 years, will set new benchmarks for IT parks in China by offering an international business lifestyle second to none. 3. The new IT Park will target software development, product development/R&D, Business Processes Outsourcing (BPO) and IT services. These will be housed in intelligent buildings with efficient and flexible floor plates specially tailored to these industries. 4. The Park project was unveiled today at the Dalian Ascendas IT Park Launching Ceremony held today in Dalian. The ceremony was graced by Mr Lou Qin Jian, Vice Minister of Information Industry Ministry and His Excellency Chin Siat Yoon, the Singapore Ambassador to the People’s Republic of China. Luxurious new international business lifestyle concept 5. Masterplanned by renowned American architectural firm Gensler, the Dalian Ascendas IT Park is designed to be a unique, campus-like development set on the high ground of Ying Yang Mountain.
    [Show full text]