China National Aero-Technology Import & Export Corporation (CATIC), was established in 1979, is jointly owned by China Aviation Industry Corporation I (AVIC I) and China Aviation Industry Corporation II (AVIC II) 50:50. It is a large scale state-owned conglomerate with aviation products & technology import and export as its core business. Headquartered in Beijing, CATIC has 7 specialized companies and 10 regional subsidiaries in China and 56 overseas branches worldwide. With its total assets of up to RMB 24 billion and accumulated import and export volume of US $24 billion thus far, CATIC ranks among the first 20 of China&＃039;s top 500 enterprises for import and export.