Zhang, director of the Commission of Science, Technology and Industry for National Defense, became the company's chairman, and Jin Zhuanglong, deputy director of the Commission of Science, Technology and Industry for National Defense, became the general manager.
China Commercial Aircraft Corporation was established with the approval of the State Council. It is a state-owned limited liability company jointly funded by the State-owned Assets Supervision and Administration Commission of the State Council, Shanghai Guo Sheng (Group) Co., Ltd., aviation industry corporation of china, China Aluminum Company, Baosteel Group Co., Ltd. and China Sinochem Corporation.
China Commercial Aircraft Corporation was established in accordance with the Company Law, established a standardized corporate governance structure in accordance with the requirements of the Company Law and modern enterprise system, set up a shareholders' meeting and a board of directors, and the State Council SASAC sent a board of supervisors to the company on behalf of the State Council. According to the Articles of Association of China Producers' Party and relevant laws and regulations, the company has established the * * * Party Committee, Commission for Discipline Inspection, trade unions and Communist Youth League organizations.
On May 1 1, 2008, China Commercial Aircraft Co., Ltd. was formally established and unveiled in Shanghai. The State-owned Assets Supervision and Administration Commission of the State Council, the largest shareholder of the company, invested 6 billion yuan, holding about 32% of the shares; Guo Sheng Group, invested and established by the Shanghai Municipal Government, invested 5 billion yuan, accounting for 26% of the shares; The remaining shareholders are China No.1 Airlines, China No.2 Airlines and large state-owned enterprises such as Baosteel, Chinalco and Sinochem.