Is China Aviation Engine Group Co., Ltd. a state-owned enterprise?

Yes, China Hangfa (AECC) is a state-owned enterprise headquartered in China, mainly engaged in research and development, production and sales of aero-engines and related products. China Hangfa was established in 2009, which was integrated by a number of aero-engine related enterprises and devoted to promoting the development of aero-engine industry in China.

State-owned enterprises refer to enterprises controlled by the government or the state. In China, state-owned enterprises usually play an important role in key industries and fields, and undertake the tasks of national economic development and social stability. As a state-owned enterprise in the field of aero-engines, China Hangfa is of great significance to promoting the development of national aviation industry and enhancing national defense strength.