Investment management software vendor DST International (DSTi) has announced it is opening an office in Shanghai, China.
The firm, which already has offices in Hong Kong, Singapore, Bangkok and Manila, is planning to open the Shanghai operation in Q2 2003.
DSTi won its first China-based contract with AEGON-CNOOC Life Insurance Company in Shanghai in December 2002. In addition, DSTi says it plans to sign a distribution agreement with Beijing CA-Legend Software.
Mike Winn, group managing director, DSTi, says: "We have thoroughly researched the huge potential of the Chinese market for our products and have already started the enhancements and documentation to meet the local needs by mid year."