Approved by the Ministry of Commerce, the National Development and Reform Commission and other relevant authorities, AviChina Hong Kong Limited (AviChina Hong Kong) was incorporated in Hong Kong in July 2009. The initial registered capital was HK$68 million, increasing by HK$60 million in 2013 and HK$100 million in 2014 respectively, and the current registered capital is HK$228 million. AviChina Hong Kong, as a wholly-owned subsidiary of AviChina, is a part of the strategic layout of AviChina 's international M&A. It will establish international M&A funds with a number of institutions, undertake and integrate the overseas M&A businesses of AVIC and strive to be an international M&A financing platform of AVIC, so as to strengthen aviation industry and make AviChina the most valuable listed company of AVIC.