December 2nd, 2009 | 
Author: Sinosoft Technology plc (SFT, London Stock Exchange - AIM), a leading developer and provider of software and IT solutions to Chinese regional and national government agencies and export enterprises in China.
Founded in 1998 by CEO Ms Xin Yingmei, Sinosoft’s principal operating businesses capitalise on opportunities presented by the Chinese Government’s continuing drive for digitisation, particularly within export tax management and other areas of interaction between citizens and government.
Sinosoft has established itself as the market leader in the provision of export tax rebate software within Jiangsu and Hainan provinces. Within those provinces alone over 24,000 export companies use Sinosoft’s software. As part of the Chinese Government’s Golden Tax Project all 31 provinces in China are scheduled to have their export tax rebate systems digitised.
The Chinese Government’s drive to create centrally accessible administrative systems that collect and transport data to and from users (whether the public or national and regional government departments) extends beyond export tax. The Company has designed a portfolio of E-government software products to radically simplify interaction with local government across the country.
Investment Report Summary:
Are we about to see the start of a recovery for Sinosoft Technology plc?
2010 should see China’s economy start to recover and exports pick up. The business websites are awash with recent reports that suggest that we have turned the corner. After the near collapse of the world banking system and the bursting of the asset bubble China can learn from the west’s mistakes and ensure that it does not fall foul of allowing bank lending to forever chase up asset/property prices and instead ensure that it grows its real economy – manufacturing, services, tourism. There are already indications that the Chinese government is looking more carefully at the way its banks lend to businesses.
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