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Beijing Association of Sourcing Service

Service outsourcing, an important part of any modern services industry is high-tech intensive and yields high added-values even though it is a small consumer of natural resources and is environmentally friendly.

Beijing is now one of 11 Chinese cities designated by the central government to showcase the development of services outsourcing. For the Chinese capital, the task comes in good time, when it is working hard to restructure its economic establishment.

On November 29, 2007, the Beijing Association of Sourcing Service (BASS) was launched. It groups 11 enterprises specializing in IT and pharmaceutical R&D and business and financial services.

The services outsourcing industry in Beijing has grown rapidly. It furnishes one-third of the output value generated by China’s outsourcing industry. Professional consultants predict that Beijing’s services outsourcing industry will grow at an annual rate of 40 percent in the years to come. Beijing is an ideal place to develop this industry, because it has the talent, access to information and technologies needed and it has a suitable infrastructure for the industry's growth.

Of the more than 400 companies involved in services outsourcing in Beijing, ITO is now their major business. ITO companies reported total revenues of US$1.5 billion in 2006, which are expected to continue to grow at an annual rate of about 40 percent. However, it is starting to shift to BPO services such as finance, consultation and human resources management in order to become mature and complete.

Foreign-invested companies are leading the development of Beijing's services outsourcing market. In 2006, they furnished 64.5 percent of the output value by the city’s offshore services outsourcing companies. Offshore development centres of multinational companies account for 33 percent of the market. These companies are not simply outsourcing recipients; they are also clients.

The Beijing Association of Sourcing Service (BASS) aims to help develop “Beijing Sourcing” into a name brand.