Financial service outsourcing is an important component of outsourcing industry. In recent years, along with the needs changes of banks, fund, insurance companies,securities companies,and other financial industry and quick development of service outsourcing in China, the demands in financial outsourcing is increasing.

In order to support Chinese service enterprises to participate in international competition, to implement "Going Out" Strategy, and to improve the internationalization level of the Chinese enterprises, approved by the State Council of the People's Republic of China, the "China Trade in Service Congress" organized by the Ministry of Commerce officially change its name to "China (Beijing) International Fair on Trade in Services" (referred to as CIFTIS).