Study Of The Financing Strategies Of China’s Service Outsourcing Enterprises

With the economic globalization and widespread use of IT technology, the "tradability" of services is increasing gradually. Service outsourcing industry (SOI), as a generally acknowledged new economic growth point, has attracted great attention. Recent years, the SOI in China has broadened both its scale and fields, especially by participating in international competition and undertaking some grand offshore outsourcing projects. Compared with developed countries, however, due to the small scale and weak competitive force, the fast development of SOI in China still need to be complemented. A rapid and healthy development of SOI plays a critical role not only in contributing to the improvement of international status but also to the domestic economic transition industrial structure adjustment, regional coordinated growth, college students employment expansion and the transform of economic development methods. Among all the factors that hampering the development of SOI, shortage of capitals is the essential problem, which brings the financing problem the urgent subject to solve. This paper chooses the service outsourcing enterprises (SOE) as the research subject and tries to find out the financing strategy mode, which is based on the corporate lifecycle theory and the risk investment theory. Regard the industry characteristics and assets nature of the SOE as the breakthrough point, the author analysis the factors, both in the micro and macro aspects, which can influence the financing strategy of the Chinese service outsourcing enterprises. The statistics shows that financing environment has been more optimized and broadened with various financing forms but the demand is growing at the same time. According to that, the article discusses the states of corporate image, policy support, bank loans, risk investment and financing guarantee individually, through which we query the practicability and perfection of the related policies, therefore make recommendations to improve the financing environment from the external and internal of corporation. Besides, based on the features of outsourcing business lifecycle and the "six-high" characteristics, we give the practical choices of the financing strategy, combined with the conditions in China. In the case study session, by choosing the successful stories of Yi-guang Science and Technology Co., Ltd as typical examples, this paper has illustrated the demand for financing is evitable in every stage of SOE growth, and the key to the development is to make scientific and reasonable financing strategies and apply financing plans with the right policy in every stage.