Founded in January 1974, Jiangsu Light Industrial Products Import and Export (Group) Corporation mainly deals in the import and export business of various products and techniques emphasizing on light industrial products. It also acts as an agent for the above-mentioned business except sixteen types of export commodities run by the state and fourteen types of import commodities run by the state-ratified companies. It also entertains other trading activities such as joint-venture, joint manufacturing, compensation trade, processing business, counter trade and entrepot trade. The corporation's total assets reaches 830 million RMB yuan with net assets 282 million RMB yuan. In 1999 its total import and export value was 302 million US dollar according to custom's statistics, among which 228 million US dollar was for export. For consecutive years, it has ranked among the first hundred of five hundred enterprises with the largest import and export amount in China. In recent years, the State Committee of Foreign Economic Relations and Trade has awarded it as an excellent foreign trade company and a national key enterprise for liaison. The State Property Administration and the National Quality Institute have appraised it as one of the five hundred most powerful Chinese state-owned enterprises and a national progressive enterprise of quality and profit type. The headquarters of the corporation has a staff of 368 persons. It has 3 sub branches: footwear branch, toys branch and stationery, sporting and sundry goods branch, 11 import and export departments such as electrical appliance department and leather goods department and 6 comprehensive managing departments. Carrying out the ideology of "industrialization, incorporation, internationalization and multiplicity" for years, the corporation has accumulatively invested 200 million RMB yuan domestically and abroad. Now it owns 3 production bases, dozens of wholly funded or shareholding enterprises and 12 overseas enterprises.