Lijin Finance

Newsflash

• At The Zhongguancun Software Park AI Experience Event On March 12, OpenClaw Attracted Much Attention

  On March 12, a special AI experience event was held in the Zhongguancun Software Park in Beijing. Lenovo Baiying engineers completed the local deployment of OpenClaw for users on site, and the staff answered questions from the audience on technical issues and safe use in the "lobster farming" process.

  

  This offline experience event is another move by Lenovo Baiying to promote the large-scale implementation of the open source AI agent OpenClaw. Previously, Lenovo Baiying has joined hands with two major platforms, Meituan and JD.com, to launch remote one-click deployment services. Lenovo Baiying's in-store deployment and door-to-door deployment services have also been gradually launched, and will soon achieve full online and offline coverage of installation services. As an important part of Lenovo Baiying's × OpenClaw digital employee solution, Lenovo Baiying's NUC terminal, which is natively adapted to Windows and OpenClaw, has become a hard-to-find market. While OpenClaw continues to be popular, its security application issues have also attracted much attention. The National Internet Emergency Center recently issued relevant risk warnings, and Lenovo Baiying provides users with an effective solution to resolve security anxiety with its dual layout of "local deployment solution + exclusive AI hardware terminal".

  

  As an open source agent that has recently detonated the AI ​​market, OpenClaw is regarded by the industry as an important carrier of the agent-driven productivity revolution due to its ability to perform tasks autonomously and adapt to all scenes of office use. It is also affectionately called "crayfish" by users. However, industry pain points such as complex environment construction, high debugging threshold, and cumbersome deployment processes have deterred many ordinary users and small and medium-sized enterprises. In order to break the technical barriers to the implementation of AI applications, Lenovo Baiying took the lead in launching cross-border collaboration and reached an in-depth cooperation with Meituan to launch the exclusive OpenClaw remote deployment service. Users only need to search for "lobster installation" in the Meituan App, and they can place an order with one click and enjoy remote one-on-one operation by professional engineers. The entire process from configuration to debugging is taken care of, truly achieving "zero-threshold" access with no technical background.

  

  Immediately afterwards, Lenovo Baiying teamed up with JD.com to launch the OpenClaw remote deployment special service. Users can place orders by searching "Lobster farming on JD.com" on JD.com. Certified engineers can complete the configuration within 30 minutes. Exclusive AI office skills will also be pre-installed, allowing users to quickly unlock core capabilities such as code writing, document processing, and email organization. At present, Lenovo Baiying's OpenClaw deployment service has achieved nationwide coverage. Relying on the traffic and service networks of Meituan and JD.com, high-quality AI technology services can reach a wider user group, achieving precise connection between technical services and public needs. The offline deployment activities of Zhongguancun Software Park extend services from online to offline, allowing users to intuitively experience the implementation experience of OpenClaw, further lowering the threshold for using AI technology.

  

  While deployment services continue to be implemented, Lenovo Baiying launched Baiying NUC, an AI terminal that is natively adapted to Windows and OpenClaw, and has become a popular product in the market, with a box being hard to find. This terminal adopts the trinity ecological model of "software (OpenClaw) + hardware (Baiying NUC) + AI service (Baiying Intelligent)", breaking the limitation of traditional hardware only serving as a computing power container, and achieving an upgrade of the out-of-the-box experience of the intelligent agent. Its core advantage is that it can achieve zero-threshold local deployment in a Windows environment in 3 minutes. Relying on OpenClaw's long-term memory capability, it can continuously accumulate user workflow and usage preferences, allowing the agent to "understand you" more and more with use. At the same time, it has built-in rich AI office skills, which can interactively optimize mainstream office tools such as DingTalk and Feishu, and convert complex analysis conclusions into structured documents such as Word, Excel, and PDF, greatly improving team collaboration efficiency.

  The rapid popularity of OpenClaw has also brought its security issues to the surface. Because the agent is granted higher system permissions such as accessing local file systems and calling external APIs, and the default security configuration is relatively fragile, the National Internet Emergency Center recently issued a risk warning, pointing out that it has four major security risks: "prompt word injection", "misoperation", "plug-in poisoning" and "security vulnerabilities", which may lead to user privacy leaks, core data loss and even system control. Relevant experts also reminded that users need to take safety precautions when "raising lobsters" to avoid usage risks.

  In response to this industry problem, the relevant person in charge of Lenovo Baiying said that "local deployment mode + Baiying NUC exclusive AI terminal" can effectively solve users' security anxiety. Lenovo Baiying × OpenClaw digital employee solution creates an enterprise-level data security fortress. Through physical isolation technology, the company's core data, personal documents and business processes are all retained on local hardware, achieving physical-level security isolation and avoiding the risk of leakage caused by data uploading to the cloud from the source. At the same time, the terminal has a built-in 7×24-hour daemon, which not only perfectly adapts to the long-term running requirements of OpenClaw, but also ensures the stability of remote control. During the deployment process, Lenovo Baiying engineers will also reasonably configure system permissions to avoid security loopholes in default settings, allowing users to use AI agents compliantly and worry-free.

  

  Currently, AI agents are at a critical stage from "technical concept" to "large-scale application". The popularity of OpenClaw is an intuitive reflection of the market's demand for intelligent productivity. Through online and offline multi-terminal layout, Lenovo Baiying teamed up with Meituan and JD.com to create convenient deployment services. At the same time, it used Baiying NUC terminals to build an integrated "hardware and software" solution, which not only broke the technical barriers to the implementation of AI applications, but also solved the industry pain points of its safe use. In the future, Lenovo Baiying will continue to delve into user needs and launch advanced functions such as batch deployment and customized configuration. At the same time, it will continue to work with ecological partners to promote the popularization and safe implementation of AI agents, allowing more users to enjoy the productivity innovation brought by AI, and ushering in a new era of AI with active intelligent agent services and sustainable evolution.

  28 minutes ago

• Valve Responds To Lawsuits Over Paid Loot Boxes For Counter-Strike 2 And Other Games, Saying It Is Not Gambling

  IT House reported on March 12 that last month, Valve was sued by the New York State Attorney General’s Office for continuing to use paid box opening and item trading systems in games such as “Counter-Strike 2” and “DOTA 2”. Today, the company that operates the Steam platform and develops "Half-Life" issued a long statement on the Steam support website in response to the lawsuit, defending its unboxing mechanism and comparing it to real-life products such as baseball cards and Pokémon cards.

  

  IT House noted that Valve said in a statement to New York players: "This type of unboxing mechanism in our games is widely used, not only in video games, but also in the real world. Generations of people have grown up opening baseball card packs, blind boxes, and blind bags, and then trading and reselling the items. In reality, such popular products include baseball cards, Pokémon cards, Magic cards, and Labboobs, etc."

  Valve also explained that players can play the game normally without paying to unbox it, because all unboxing items are cosmetic items. Notably, Valve says its data shows that "most" players don't open any boxes at all and just play the game normally. The company says this means players who don't pay won't be at any disadvantage.

  In a lawsuit filed in February, the New York State Attorney General claimed that Valve "condoned gambling" through its popular online games and digital store Steam, accusing it of violating New York State's anti-gambling laws, and requested a permanent ban on Valve from promoting gambling-related features in games and forcing the company to pay various fines for violating New York State laws.

  Valve said in a statement that it cooperated with the investigation by the New York State Attorney General's Office and showed them "how we have banned accounts for years on gambling sites that violate the Steam User Agreement by illegally using Valve game items." Gambling sites have been a major problem for Valve and were directly named in the New York state lawsuit.

  Valve said: "Valve will never cooperate with gambling websites. So far, we have banned more than 1 million Steam accounts that have been abused by third parties and involved in gambling, fraud and theft. We have also launched functions such as transaction withdrawal and transaction cooling to curb the operation of gambling websites and protect Steam users from fraud. At the same time, we prohibit any gambling-related institutions from participating in or sponsoring our game events."

  Elsewhere in the statement, it was mentioned that Valve is "deeply concerned" about some of the changes the New York State Attorney General's Office wants to make to Steam's mechanics, and is particularly strongly opposed to banning users from trading and reselling digital cosmetic items obtained from loot boxes.

  "We believe that the transferability of digital game items is beneficial to consumers - users can sell or exchange unused and unwanted items, just like people can resell or exchange physical items such as Pokémon cards and baseball cards," Valve said. "The New York State Attorney General proposed to deprive users of the right to transfer digital items in Valve games. We believe that transferability is a right that should not be deprived, and we refuse to do so."

  While this stance appears to be on the side of users, the fact that Valve itself does not allow users to resell or trade their purchased digital games on Steam weakens the persuasiveness of its rhetoric. If transferability is a right, shouldn't it apply to all digital items on Steam, not just loot boxes and keys?

  Finally, Valve responded to the New York State Attorney General's Office's statement regarding "Video Games and Gun Violence" in a press release regarding the lawsuit. The office said in a press release that Valve "promotes games that promote violence and guns" and is one of the reasons for "the epidemic of gun violence" in the United States.

  Valve reasonably refuted this claim in an open letter to New York gamers: "Furthermore, while the core of this case is the issue of blind box unboxing, we feel it is necessary to respond to the remarks made by the Attorney General's Office regarding games, real-life violence, and minors. These irrelevant remarks are purely a red herring and a mischaracterization we have heard before. Numerous studies over the years have confirmed that there is no correlation between media content (movies, TV, books, comics, music, games) and real-life violence. In fact, multiple studies have also pointed to the positive effects of games on users."

  Although many people agree that Valve has failed to control skin trading and gambling over the years, the Attorney General's inclusion of this statement in the press release also caused many netizens to turn against the lawsuit.

  2 hours ago

• Rankings, Scores And Introduction Of Shandong University Of Finance And Economics In Shandong Province (including Jinan Campus)

  

  The development of finance and economics colleges in the province is closely linked to the regional economy, forming a well-structured education system. The latest list shows that Shandong University of Finance and Economics leads similar institutions in the province with its comprehensive strength, followed closely by Shandong Technology and Business College and Shandong University of Finance and Economics Yanshan College, forming the core strength of financial education in Shandong Province.

  1. Ranking of finance and economics colleges in Shandong

  The following is a list of the top three finance and economics colleges in Shandong Province, covering local rankings and national overall ranking information:

  Note: The ranking data is a combination of the statistical results of different rankings, and is subject to the official release of the school.

  2. Score lines for finance and economics colleges in Shandong Province in 2025

  In 2025, the admission scores of financial and economics colleges in Shandong Province will show a clear gradient, and the admission competition of different colleges will vary greatly.

  The one with the highest admission score is Shandong University of Finance and Economics, with a minimum score of 521 points; the one with the lowest admission score is Yanshan College of Shandong University of Finance and Economics, with a minimum score of 186 points. The span of the score range reflects the differences in education level and application popularity of each institution.

  3. Introduction to some colleges and universities

  Shandong University of Finance and Economics

  The school is located in Jinan City. It is a financial institution of higher learning jointly established by the Ministry of Finance, the Ministry of Education and Shandong Province. It is also a high-level university construction institution in Shandong Province. There are currently three campuses in Yanshan, Shungeng and Zhangqiu, covering an area of ​​2,248 acres and a total construction area of ​​1.032 million square meters.

  The school has 24 teaching colleges (departments) and 30,901 full-time undergraduate and graduate students. Among them, the Zhangqiu campus is located at No. 18602 Jingshi East Road, Jinan City, with an actual usable area of ​​1,100 acres, 18 colleges, 15,800 students, and 1,300 graduate students who will move in in September 2025.

  In terms of scores over the years, the lowest score for general physics in Shandong Province in 2024 was 542 points, and the lowest score for history was 562 points; in 2023, the lowest score for science was 553, and the lowest score for liberal arts was 563. The overall score lines maintained a steady upward trend.

  Shandong University of Finance and Economics Yanshan College

  The school is located in Jinan City and is an independent college of finance and economics. As the third-ranked financial school in the province, the minimum admission score in Shandong Province in 2025 is 186 points, corresponding to a ranking of 676,725. Relying on the high-quality educational resources of the parent school, the school focuses on cultivating financial professionals and has formed certain school-running characteristics in accounting, financial management and other fields.

  The relevant information is for reference only.

  3 hours ago

• Alt Holdings Subsidiary Terminates Major New Energy Vehicle Contract After Consensus Reached Between Buyer And Seller

  On December 15, Alt (300825) announced that its holding subsidiary had terminated major contracts for daily operations.

  The announcement shows that the company's controlled subsidiary Sichuan Alt New Energy Automobile Co., Ltd. (referred to as Sichuan Alt or the seller) signed the "Contract By and BetweenSichuan IAT New Energy Automobile Co., Ltd. And HDI TRADING" with HDITRADING CO., LIMITED (referred to as HDI or the buyer) on August 26, 2024. CO., LIMITED", HDI plans to purchase special hybrid transmission products (DHT) from Sichuan Alt. The total contract amount is expected to be no less than 1.451 billion yuan (excluding tax).

  On December 15, Sichuan Alt and HDI signed a "Termination Agreement". Affected by the market environment in the region where HDI's final customer is located, the buyer and the seller agreed to terminate the original contract in accordance with the original contract through friendly negotiation.

  According to Alt's announcement in August last year, HDI hopes to purchase dedicated hybrid transmissions (DHT) from Sichuan Alt for use in its operations and supply to its OEM customers. Sichuan Alt has relevant R&D and production capabilities and agrees to supply DHT products to HDI in accordance with the terms and conditions stipulated in the contract.

  Alt said that the termination of the contract was the result of careful study by the company and its holding subsidiaries and consensus with the other party.

  Up to now, except for the manpower investment in the early stage of the project plan production, the company has not purchased raw materials and other productive investments, which will not have a significant impact on the company's current operating results and financial status, and there will be no harm to the interests of the company and all shareholders.

  According to the data, Alt is a forward-looking technology-driven technological innovation enterprise focusing on full-process R&D of complete vehicles and vehicle platforms, development of new energy intelligent platforms, and R&D and manufacturing of core components. It is the only independent automobile design company listed on A-shares.

  In the first three quarters of this year, the company achieved operating income of 736 million yuan, a year-on-year increase of 19.30%; net profit attributable to the parent company was a loss of 151 million yuan, a year-on-year decrease of 12246.62%, and the loss amount has exceeded the 133 million yuan for the whole of 2024.

  Looking at the third quarter alone, Alt's net loss was 92.64 million yuan, a further increase of 22.05 million yuan from the previous quarter.

  Regarding the reasons for the substantial losses, Alt explained in its third quarter report: "Affected by factors such as the current development status of the domestic automobile industry, pressure to reduce automobile prices has been transmitted to the upstream automobile R&D and design links; the company's profit margin on orders on hand in the past two years has been low, and its gross profit margin has declined."

  Alt also disclosed an announcement on December 15 that in order to further optimize the company's resource allocation, reduce management costs, and improve operational efficiency, Chongqing Alt New Energy has completed the deregistration procedures in accordance with relevant procedures.

  5 hours ago

• Introduction To The Shengjing Campus Of Shandong University Of Finance And Economics. You Can Also Take A Look At Jinan School Of Finance And Economics.

  Shandong University of Finance and Economics currently has three core campuses: Yanshan, Shungeng, and Shengjing. The original Mingshui campus has been replaced, and the Laiwu campus no longer assumes regular teaching tasks.

  

  

  

  

  The Shengjing campus is located at No. 18602, Jingshi East Road, Zhangqiu District, Jinan City. It was established as the main campus in 2016. As the core area for basic undergraduate teaching, there are 18 colleges here, mainly responsible for the teaching tasks of first- and second-year undergraduate students and first-year postgraduate students, with more than 15,000 students enrolled. The campus has top-notch hardware facilities, including a landmark library that won the Luban Award, a 4-person dormitory with a bed and a desk, 3 canteens, KFC, a gym and other supporting facilities. It is adjacent to the beltway, and the subway line 8 under construction passes by the north side, making subsequent transportation more convenient.

  

  

  As the main campus, there is a majestic library with a collection of collections and a romantic atmosphere when the lights are on at night. Jingyue Lake has beautiful scenery, with sparkling water and surrounded by green trees. The west garden also has a sea of ​​pink and white flowers that are limited to autumn. In addition, the Internet celebrity cafeteria on campus has an elegant environment and a large screen on the third floor, where you can watch movies while dining.

  Yanshan Campus is located at No. 7366, Erhuan East Road, Lixia District, Jinan City. It is the location of the school headquarters and the core area for administration and graduate education. It is home to many postgraduate departments such as the School of Accounting and the School of Business Administration, and has multiple first-level doctoral programs in applied economics and other disciplines, with concentrated academic resources. The campus architecture combines traditional and modern styles. The iconic antique administrative building and circular square are very recognizable. In recent years, expansion has been completed to enhance teaching and research supporting capabilities.

  

  

  This is the administrative center and graduate education base of the school. The campus greening rate is as high as 79% and the landscape is beautiful. Haidai Art Museum allows people to feel the charm of art works. The Yonghe Bridge is built over the Qingyuan River. There are willows and yellow cherry blossoms beside the bridge. It is an excellent place to enjoy the scenery. The colorful stands of the stadium are also very distinctive and suitable for taking pictures.

  Shungeng Campus is located at No. 40 Shungeng Road, Shizhong District, Jinan City. It is an old campus with obvious location advantages. It is adjacent to Qianfo Mountain and has mature living facilities in the surrounding area. The campus mainly focuses on lower-grade undergraduate teaching, including the School of Physical Education, School of Literature and Journalism, etc. Some junior and senior students from the Shengjing Campus will move here. The school not only has a library containing the special collection of "Sikuquanshu", but also has three student canteens and an ethnic restaurant, as well as complete sports facilities such as swimming pools and tennis courts.

  

  

  There is a strong learning atmosphere on campus, and it is common for students to study on the roadside. The Green Garden is lined with green trees and winding paths, making it a good place to experience nature. The calm and dignified auditorium has hosted numerous large-scale reports and graduation ceremonies, and is of commemorative significance. There is also a swimming pool with complete facilities, where you can experience the refreshing swimming experience.

  6 hours ago

• With Technological Innovation As The Engine, Global Delivery As The Stage, And High Value-added Services As The Core, Shenzhen Service Outsourcing Has Moved Towards The Middle And High End Of The Value Chain.

  

  Shenzhen High-tech Park. Photographed by Shenzhen Special Economic Zone News reporter Zhou Hongsheng An aerial view of Shenzhen High-tech Industrial Park. Zhou Hongsheng Kingdee International provides localized services for overseas companies. (Visual China) Kingdee International provides localized services for enterprises expanding overseas. VCG

  Shenzhen News Network, January 21, 2026 (Shenzhen Special Zone Daily reporter Zhou Yumeng) As the window for China’s reform and opening up and the core engine of the Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen has used digital service outsourcing as a breakthrough in recent years to continue to promote the upgrading of the information technology outsourcing (ITO) industry towards high value-added and high-tech content.

  According to the latest data from the Shenzhen Municipal Bureau of Commerce, as of December 2024, Shenzhen's offshore service outsourcing business covers 82 countries and regions around the world, with digital trade import and export of US$60.16 billion, a year-on-year increase of 11.3%. Among them, the export volume was US$29.21 billion, a year-on-year increase of 6.4%. As a national service outsourcing demonstration city, Shenzhen has made particularly outstanding contributions. In 2024, the execution volume of national service outsourcing will increase by 17.4% year-on-year, among which the execution volume of information technology outsourcing (ITO), business process outsourcing (BPO) and knowledge process outsourcing (KPO) will increase by 6.47%, 10.95% and 11.69% respectively, becoming an important growth pole for national ITO exports.

  Policies are targeted to drive high value-added transformation

  In order to consolidate and expand the advantages of the ITO industry, in the past two years, Shenzhen's policy support for ITO/KPO and other high value-added service outsourcing has shifted from "widening the net" to "fine focus".

  In 2023, Shenzhen issued "Several Measures to Support the High-Quality Development of Digital Trade" which stipulates that 15% of the execution value of cloud computing and AI outsourcing contracts will be rewarded (with a maximum limit of 5 million yuan for a single project) to promote the transition of enterprises to high value-added fields such as AI and industrial software; the "Shenzhen i Enterprise" platform provides 80% cost reimbursement for corporate employees to obtain international certifications such as AWS and PMP; the "International Professional Qualification Certification" piloted in the Qianhai Cooperation Zone recognizes the IT qualifications of Hong Kong, Macao and Singapore, injecting policy dividends into industrial development.

  "Shenzhen's service outsourcing policy has entered a new stage of 'improving quality and increasing efficiency'." Li Ming, director of the Service Trade Research Center of Shenzhen University, said, "In the past, we competed for costs, but now we compete for technology, delivery, and ecology. The government uses real money to guide enterprises to upgrade to knowledge-intensive fields such as cloud computing, AI, and industrial software, which is seizing the window period of global digital transformation."

  Diverse entities collaborate to build global delivery capabilities

  In the Shenzhen ITO ecosystem, different types of enterprises show their strengths and form a synergistic effect. It not only has global technology giants such as Huawei and Tencent, but also gathered a group of professional ITO service companies, forming a complete pattern of "head empowerment + professional deep cultivation".

  Platform technology companies rely on their own technology base to export digital infrastructure capabilities. For example, Huawei Cloud has set up multiple delivery centers around the world to provide localized ITO services to customers in Europe, the Middle East, Latin America and other places; Tencent relies on Tencent Cloud and the Qidian platform to build the technical support system for overseas games into an ITO benchmark. "This is no longer a simple code outsourcing, but the output of global digital infrastructure capabilities." An industry analyst commented.

  In addition, there are more than 50 leading IT service providers that are listed or in specific fields, including Kingdee International, ChinaSoft International, iSoftStone, and Farben Information, as well as more than 3,000 specialized small and medium-sized enterprises. They have won recognition in the international market with their agile delivery and deep development in vertical fields. For example, Kingdee International has built a three-in-one overseas delivery resource pool to provide localized services to Chinese companies going overseas. Up to now, Kingdee's customer business has spread to 172 countries and regions around the world, and has served a total of 1,000+ overseas benchmark companies, becoming the preferred partner for overseas companies.

  The talent structure continues to be optimized to support high-quality development of the industry

  Talent is the core driving force for the growth of the ITO industry.

  Data shows that as of 2025, the number of registered employees in Shenzhen has exceeded 12.71 million, of which nearly 700,000 are engaged in information transmission, software and IT services, making it one of the cities with the highest concentration of IT talents in the country. In cutting-edge fields such as artificial intelligence and cloud computing, Shenzhen’s concentration of high-end talents ranks among the top in the country; in the field of service outsourcing, Shenzhen’s talents with multi-lingual and international project experience account for about 24%, which is significantly higher than the 12% average level of the national service outsourcing industry.

  Through the three-in-one training mechanism of school-enterprise cooperation, government training, and international introduction, universities such as Shenzhen University and Southern University of Science and Technology have established service outsourcing colleges and jointly built industrial bases with Huawei and Tencent, producing tens of thousands of ICT and information technology-related graduates on average every year.

  "Currently, Shenzhen is accelerating from the past model of relying on large-scale supply of human resources to a new stage of value creation driven by high-end talents." The head of Liepin South China said that Shenzhen's engineering team is becoming the core competitiveness of service outsourcing "going abroad".

  Focus on cutting-edge areas and contribute to service outsourcing upgrade Shenzhen solutions

  Currently, Shenzhen's ITO industry is accelerating its climb to the top of the value chain. In 2024, 11 service trade digitalization cases in Shenzhen were selected as the construction results of the "Guangdong-Hong Kong-Macao Greater Bay Area Trade Digital Pilot Zone", covering cutting-edge areas such as AI-driven test automation and low-code platform outsourcing.

  Experts generally believe that Shenzhen's ITO industry has initially formed a virtuous cycle of "technology-driven-policy guidance-enterprise implementation". In the future, with the deepening of digital trade rules under the RCEP framework, the advancement of cross-border data flow pilots in the Guangdong-Hong Kong-Macao Greater Bay Area, and the continued enhancement of corporate international operation capabilities, Shenzhen is expected to occupy a more strategic position in the global ITO value chain.

  "Shenzhen ITO's model with technological innovation as the engine, global delivery as the stage, and high value-added services as the core has not only contributed to the Shenzhen plan for upgrading China's service outsourcing, but also set a new benchmark in the reconstruction of the global digital service value chain." Li Ming said.

  Zhou Yumeng, Shenzhen Special Zone Daily

  As China's pioneering reform hub and the core engine of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), Shenzhen is leveraging digital service outsourcing to propel its information technology outsourcing (ITO) sector toward high-value, technology-intensive offerings.

  Data from the Shenzhen Municipal Commerce Bureau revealed that as of December 2024, the city's offshore service outsourcing had reached 82 countries and regions. Digital trade import-export volume hit US$60.16 billion in 2024, up 11.3% year on year, with exports growing 6.4% to US$29.21 billion. As a national service outsourcing model city, Shenzhen saw executed contract value rise 17.4% in In 2024, with ITO, BPO (business process outsourcing), and KPO (knowledge process outsourcing) growing 6.47%, 10.95%, and 11.69%, respectively, cementing its role as a key national growth pole for ITO exports.

  Shenzhen has refined policy support to consolidate its advantages in high-value segments like ITO and KPO. In 2023 the city introduced a series of measures to promote high-quality digital trade. Among them was a 15% reward-based on executed contract value-for outsourcing projects in cloud computing and AI, steering firms toward premium sectors like industrial software. Additional incentives included the “Shen i Qi” platform's 80% subsidy for international certifications and Qianhai's pilot program recognizing overseas vocational qualifications.

  "Shenzhen's policy has entered a stage of quality and efficiency enhancement," noted Li Ming, director of the Service Trade Research Center at Shenzhen University. "Competition is now centered on technology, delivery, and ecosystem - not just cost."

  Shenzhen's ITO ecosystem thrives on the complementary strengths of diverse players. Alongside global giants like Huawei and Tencent, the city hosts a cluster of agile service providers.

  Platform-based enterprises are exporting digital infrastructure capabilities globally. Huawei Cloud has established worldwide delivery centers while Tencent leverages its cloud and Qidian Platform to transform technical support for game exports into an ITO benchmark. “This represents the export of global digital infrastructure capability, far beyond simple coding,” an industry analyst observed.

  Over 50 leading IT firms, including Kingdee International, Chinasoft International, iSoftStone, and Faben Information, alongside thousands of specialized SMEs, are winning international business through agile delivery and deep vertical expertise. Kingdee, for example, serves clients in 172 countries, supporting over 1,000 overseas flagship enterprises.

  A robust talent pool underpins the industry's ascent. Shenzhen's employed population had exceeded 12.71 million by 2025, with nearly 700,000 in IT services. making it one of China's most talent-dense IT cities. The city leads in concentrations of high-end talent in AI and cloud computing. Notably, about 24% of its service outsourcing workforce possesses multilingual and international project experience-double the national average.

  Local universities, including Shenzhen University and the Southern University of Science and Technology, partner with industry leaders like Huawei and Tencent, producing tens of thousands of ICT graduates annually.

  Shenzhen's ITO sector is now accelerating toward the top of the global value chain. In 2024, 11 of its digital trade cases were featured in the achievements of the GBA Trade Digitalization Pilot Zone, spanning AI-driven test automation and low-code platform outsourcing.

  Experts expect Shenzhen to take on a more strategic global role as digital trade rules deepen under RCEP, cross-border data flow pilots advance in the GBA, and local firms enhance international operations.

  "Shenzhen's ITO model-powered by innovation, staged for global delivery, and centered on high-value services-offers a blueprint for China's service outsourcing upgrade and sets a new benchmark in the restructuring of the global digital value chain," Li said.

  (translated by Li Jing)

  Approach APEC

  APEC Snapshots

  APEC organizational structure

  APEC has a five-level operating mechanism: informal leaders’ meeting, ministerial meeting, senior officials’ meeting, committees and working groups, and secretariat.

  APEC's main topics: As a regional economic cooperation forum, APEC mainly discusses issues related to the global and regional economy, such as trade and investment liberalization and facilitation, regional economic integration, connectivity, economic structural reform and innovative development, the global multilateral trading system, economic and technological cooperation and capacity building, etc.

  APEC Structure

  APEC operates within a five-tier framework: the Leaders' Meetings, Ministerial Meetings, Senior Officials' Meetings, committee and working-group meetings, and the Secretariat.

  APEC's core agenda: As a forum dedicated to fostering regional economic cooperation, APEC primarily addresses global and regional economic issues. Its core agenda includes trade and investment liberalization and facilitation, regional economic integration, connectivity, economic structural reform and innovation, strengthening the global multilateral trading system, and promoting economic and technical cooperation for capacity building.

  Looking back at APEC

  APEC Through the Years

  Second stop:

  Bogor, Indonesia

  In 1994, the second APEC leaders' informal meeting was held in Bogor, Indonesia. This meeting established APEC's goal of realizing trade and investment liberalization, known as the Bogor Goals, and proposed two timetables for developed members to achieve this goal before 2010 and for developing members to achieve this goal before 2020.

  Bogor City is a famous city in West Java, Indonesia, about 60 kilometers north of Jakarta, the capital of Indonesia, with a population of about 3 million. Bogor has a pleasant climate and abundant rainfall. It is known as the place with the most thunder in the world and is known as the "Thunder Capital of the World". Bogor City has developed agriculture, manufacturing and tourism. Its famous attractions include Bogor Botanical Garden, Sala Volcano, etc. In August 2005, Shenzhen and Bogor established sister cities.

  Second Stop: Bogor, Indonesia

  The second APEC Economic Leaders'Meeting was held in Bogor, Indonesia, in 1994. At the meeting, APEC leaders adopted the Bogor Goals, which aimed for free and open trade and investment in the Asia-Pacific by 2010 for industrialized economies and by 2020 for developing economies.

  Located 60 kilometers south of Jakarta, Bogor is a city of roughly 3 million people. It is known for pleasant climate, abundant rainfall, and frequent thunderstorms—a trait that has earned it the nickname “Lightning Capital of the World.” The city benefits from a well-developed agricultural sector, a strong manufacturing industry, and a thriving tourism scene. Among its notable attractions are the Bogor Botanical Gardens, and the nearby Mount Salak. In August 2005, Bogor and Shenzhen established a sister-city relationship.

  Policy highlights

  Policy Spotlight

  Shenzhen’s “real money” promotes high-quality development of service trade

  In May 2025, the Shenzhen Municipal Bureau of Commerce issued the "Ten Key Points of Policies to Support the Development of Shenzhen's Service Trade in 2025", offering "real money" to encourage companies to explore international markets and fully promote the high-quality development of service trade.

  The policy proposes to encourage the undertaking of high value-added outsourcing business. Support service outsourcing enterprises to undertake high value-added service outsourcing businesses such as information technology outsourcing (ITO) and knowledge process outsourcing (KPO), and cultivate a number of industrial clusters and leading enterprises with complete functions and outstanding innovation around the high-end field of service outsourcing. Qualifying enterprises will be awarded up to 1 million yuan each.

  At the same time, in December 2025, the Ministry of Commerce, the Central Cyberspace Administration of China, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, and the General Administration of Customs jointly issued the "Action Plan to Promote the High-Quality Development of Service Outsourcing." It is proposed to support the high-quality development of service outsourcing demonstration cities such as Shenzhen by focusing on the implementation of platform carrier improvement actions and innovation-led actions.

  Shenzhen invests heavily in service trade

  In May 2025, the Shenzhen Municipal Commerce Bureau rolled out 10 new measures to bolster service trade development, providing strong financial incentives for enterprises to expand globally and upgrade the sector's growth quality.

  The policy encourages firms to take on high value-added outsourcing-including ITO and KPO-and aims to foster innovative, functionally advanced industrial clusters and market leaders. Eligible companies may receive rewards of up to 1 million yuan each.

  In December of the same year, national authorities issued an action plan to promote the high-quality development of service outsourcing. The plan outlines initiatives such as enhancing platform infrastructure and spurring innovation, and supports high-quality development in demonstration cities including Shenzhen.

  8 hours ago