Shared Services in China: No Sleeping Dragon

China is no sleeping dragon, and yet, for all the attention focused on it by the global shared services industry, there is relatively few Shared Services Centres outside Shanghai and its suburbs. And for now, Shanghai shows no signs of losing its pole position, at least as far as industries like financials, healthcare, and technology are concerned. It also leads in terms of financial shared services, HR shared services, and GBS operations. What is notable however is that the geological footprint of shared services in China is widening, as Beijing is growing in popularity and tier 2 cities like Wuhan are becoming more popular. In addition, as this visual data report from Dart Institute shows, there is still plenty of opportunity to take advantage of low salaries and high student population outside the most popular locations (again, Wuhan stands out).One of the most interesting slides in Dart’s interactive report compares the "bang for a buck" in hiring graduates. This identifies the Philippines as only slightly less expensive than China, but India offering up to 50% lower cost than both! India has been helped significantly by the depreciation of the Rupee against the US dollar in recent years (by roughly 25%). The impact of volatile FX rates across the region should certainly be a key consideration for any organization evaluating shared services. With the Chinese Yuan on an upward trend, dollar-based costs could also keep rising.What is certain is that there is no stopping the Chinese market. Half of the shared services across China right now are less than three years old, and SSON has seen a doubling of inquiries from China in the last two years alone.Find out more about the opportunities in China, and the characteristics of this shared services market, in Dart Institute’s visual data report: Enter the Dragon: The Rise of Chinese Shared Services Centres.

Shared Services in China: No Sleeping Dragon

To continue reading this story get free access

Upcoming Events

WorkX

Shared Services and BPO Week Philippines 2026

The AP Automation Reality Check: What True Intelligent Automation Looks Like Inside D365

Order-to-Cash & E-Invoicing Transformation Virtual Summit

From Visibility to Action: How Finance Risk Intelligence is Transforming Modern Finance Operations

From Legacy to Cloud ERP: How Victrola Transformed Finance with SAP

Follow Us

Latest Webinars

The Governance Gap: Why Agentic AI Is Outrunning Internal Controls

Why AI in BFSI Stalls After the Pilot — and What Leading Institutions Should Consider Doing Differently

It's Nearly Fulltime for E-Invoicing in France and Germany: Don't Let it Go to Penalties

Recommended

SSON Podcast with the Producer of Rainman, Batman and Easy Rider

Podcast with Credit Suisse's Gary Carter: Rethinking offshoring's value proposit...

Winter is Coming…

Why is the Nordics region so "special"?

Nearshore plays well to Trinidad & Tobago's strengths

Successful SSO 'Micro-Learnings' from Monsanto and PepsiCo

Change leaves National Grid at a Pivot Point with regards to emerging services

Navigating the transition from low-cost labour to analytics and robotics service...

CEE Market Report: The Perfect Storm of Automation + Millennials = A New Deliver...

SSON Report: Understanding and Implementing Shared Services in Africa

Malaysia: Robotics and the New World View of Shared Services

Malaysia's Talent Challenge – Why it's Becoming Less Worrisome

FIND CONTENT BY TYPE

SSON COMMUNITY

ADVERTISE WITH US

JOIN THE SSON COMMUNITY

Shared Services in China: No Sleeping Dragon

To continue reading this story get free access

Upcoming Events

Follow Us

Subscribe to our Free Newsletter

Latest Webinars

Recommended

FIND CONTENT BY TYPE

SSON COMMUNITY

ADVERTISE WITH US

JOIN THE SSON COMMUNITY