1992 10 In June, Shenyang Blue Sky Co., Ltd. (Blue Sky) was established. Initiated by Shenyang Xinbei Non-staple Food Shopping Mall, Shenyang Xinbei Pharmaceutical Factory and Shenyang Lotus Hotel, it was set up by targeted fundraising. The three promoters were established in 1987, 1988 and 199 1, respectively, and they were affiliated to the then Shenyang Finance and Trade Cadre School (later renamed Shenyang Administration College, and the founder Qu served as the vice president of the school).