China Aviation Technology Industry Co., Ltd. (“AVIC” for short) was incorporated in Beijing on April 30, 2003, with a registered capital of 4.6 billion yuan; it was listed on the main board of the Hong Kong Stock Exchange on October 30, 2003. The parent company, China Aviation Industry Group Co., Ltd., is the main force in China's aviation manufacturing industry and has steadily ranked among the top 500 in the world. Airbus Group (Airbus Group) is a strategic partner of AVIC and holds about 5% of AVIC's shares. AVIC is the only flagship company for aviation high-tech military and civilian products and services in the Hong Kong capital market. It holds four A-share listed companies, including Zhongzhi (600038), Hongdu Airlines (600316), China Aviation Electronics (600372), and China Aviation Optoelectronics (002179). It owns many enterprises such as aviation industry planning and aviation industry power, and its main business covers helicopters, trainers, general aircraft, airborne systems and aviation components, aviation engineering services, etc. The company initiated the establishment and management of tens of billion-dollar military and civilian general funds for the aviation industry, actively carried out equity investment in the general military and civilian fields, and accelerated the development of the industry. The company's performance is growing steadily, its market capitalization continues to rise, and top domestic and foreign investment institutions actively hold it; the Hang Seng Composite Index, Shanghai-Hong Kong Stock Connect, and Shenzhen-Hong Kong Stock Connect all include China Aviation Science and Industry as its constituent stocks. Corporate governance standards have received awards such as the Asian Corporate Governance Excellence Award, the Best Listed Company Award, and the Shanghai-Hong Kong Stock Connect's Most Investment Value Award.
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