Company Profile

CHINA NEW ERA GROUP CORP. Established in 1980 with approval of the State Council and the Central Military Committee, China New Era Group Corporation is a state owned company under the leadership of the State-owned Assets Supervision and Administration Commission of the State Council. Based on national defense and military industry, it insists on military and civil combination and prompts actively the technology and industry development for national defense. The main business scope covers: import and export business integrating military and civil trade with military trade as the pillar£»providing development, construction and professional services to domestic and overseas engineering projects mainly in fields of military, resources, military and civil integration and conversion£»high and new technology investment and management mainly concerned with military and civil integration and conversion. Headquartered in Beijing, the Group Corporation owns numbers of sole, holding and share enterprises in some area of China, implementing parent company and subsidiaries management mechanism. The tenet of China New Era Group Corporation is to carry forward resources advantages in national defense industry, prompt peaceful utilization of military technology, boost commercialization and industrialization of technology outcomes, prompt import and export of military products and international economic and technology cooperation, so as to provide services for national defense and economic construction. Over the past 20 years since establishment, China New Era Group Corporation has actively implemented central policy of 'military and civil integration, peace and wartime integration, giving priority to military trade, take military trade to support civil ones'. It has played an important role in the overall planning, coordination and independent management of military products trade. Its total import and export volume amounts to more than 10 billion US dollars. It supports the development of over 200 military enterprises by methods of investment and consignment loans, thus achieved good social and economic benefits and made great contributions to national defense and economic construction.