NEWLY listed Vanda Systems & Communications Holdings plans to turn to software development to tap the booming market in China. Company president Lam Hon-nam said it hoped its software development business, at present a small part of turnover, would eventually contribute about half the company's income. He said the company would double the number of staff engaged in software development to about 100 this year while continuing to expand its core business - providing integrated systems to financial institutions in China. It also planned to bid for the software development contract for China's airport modernisation programme, including a scheme to build and renovate at least 60 airports. In the long term, the company would focus on developing software as shelf products, instead of as a service attached to installing computer systems. Other plans included adding more popular software from other countries to its distribution list. 'Many international software companies are negotiating with us [to distributing their products] as they know we have already established a network in China,' Mr Lam said. The company would translate foreign software into Chinese to raise sales. Mr Lam said the software market would become the mainstay for the computer industry in China. 'In many parts of the world, the computer industry is dominated by softwares,' Mr Lam said. 'But the China market has been dominated by hardware.' The company had also been negotiating to expand its telecommunication business in China, Mr Lam said. On its first trading day yesterday, the company's shares managed to stay above its issue price of $1.12 to close at $1.14. Turnover was $1.15 million with slightly more than one million shares changing hands. The stock traded between $1.14 and $1.20.