The first Chinese national level aviation industrial fund management company was publicly opened

On June 28th, the first Chinese national level aviation industrial fund management company—Xi’an National Aviation Industrial Fund Investment Management Co., Ltd. was publicly opened in Xi’an, marking the establishment of the first national level aviation industrial fund in China. The Xi’an National Aviation Industrial Fund with its planned scale of 30 billion Yuan was led and organized by the Xi’an Yanliang National Aviation Hi-tech Industrial Base. On May 12th 2009, the Xi’an National Aviation Industrial Fund Investment Management Co., Ltd. was officially established and registered with the paid-in capital of 300 million Yuan. The company’s shareholders are, the Administration Committee of Xi’an Yanliang National Aviation Hi-tech Industrial Base, the Development Center of Xi’an Yanliang National Aviation Hi-tech Industrial Base, Xi’an International Trust Co., Ltd., Beijing SureLand Venture Capital Investment Co., Ltd.,and Shanxi Industrial Investment Co., Ltd..
Before the establishment of the Xi’an National Aviation Industrial Fund, development of the Chinese aviation industry had to rely merely on national special funds. The establishment of the Xi’an National Industrial Fund is marked as a breakthrough in the history of the Chinese aviation industry. As an investment and financing platform for the aviation industry, supported by the nation, the Fund has above 60% of its total amount used to promote the development of the Chinese aviation industry, and invest in all kinds of enterprises and projects with the potential for development, within the five national level aviation industrial bases in Xi’an, Harbin, Shenyang, Chengdu and Anshun. Jin Qiansheng, Chairman of the Xi’an National Aviation Industrial Fund Investment Management Co., Ltd., stated that capital market played a very significant role in promoting the development of the world aviation industry, Xi’an National Aviation Industrial Fund would make use of market operation to attract private capitals to enter in the market of Chinese civil aviation industry, which could provide the most dynamic fund resource for the development of the aviation industry, change the current condition that the development of the Chinese aviation industry had to rely merely on national special funds, and better construct China’s core competitiveness in the international aviation market.