CHINA-S&T: NDRC PROPOSED AND STATE-BACKED CHINA SATELLITE NETWORK GROUP CO. LTD. OPENS HEADQUARTERS IN XIONG'AN NEW AREA IN HEBEI PROVINCE
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Chinese Vice Premier Han Zheng attended the opening ceremony of China Satellite Network Group Co. Ltd. at its headquarters in Xiong’an New Area, 100 kms south of Beijing in Hebei Province on April 28. Caixin (April 30) said the company is the first state-owned enterprise controlled by the central government to be headquartered in Xiong’an. Details of the company’s ownership, registered capital and management team have yet to be disclosed. The China Satellite Network will be responsible for the overall planning and operation of satellite internet construction as part of a new infrastructure plan published by the National Development and Reform Commission in April 2020.
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