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[Satellite History of] the birth of the Asian satellite power from the pressure - satellite, communi

By: frbiz

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The first set of mechanical and electrical equipment, the new China Export Record    AsiaSat was born 3: The establishment of CITIC Technology Development Office

As the satellite industry's flagship companies in Asia, the Asian satellite today, the brilliant achievements have known. CITIC Group to create the Asian satellite to the history of China's reform and opening up add an important page. However, the Asian satellite communications giant that the birth of 15 years ago, but experienced a little-known history of the legendary hard, which is full of crises, challenges and the intense life and death. This historical connection to the President, the Prime Minister, many ministers and even the political struggle between two countries. This course also reflects the profound process of reform and opening up of China in sharp contradiction, and zigzags. This recall is still worth pondering.

  The establishment of the Asian Satellite
Asia Satellite was founded in February 1988, but the preparation began in 1986.
1986 , chairman of CITIC Group, Rong asked me to build, "CITIC Technology Development Office," and the appointment of the Director of the Office for the technology development, announced that it will increase the business scope of CITIC "technical" one, as "the production, technology, finance, trade services "in five areas.

Technology development office was established soon, United States, Comrade Chen Ding office work report to the company mentioned in a U.S. satellite company called PGT over the satellite launch in China, CITIC investment required.

PGT (Pacific General TelecommunicationsCorporation) of the sponsors of the Chinese Americans and Canadians Huang Xiangjun Johnson noted that no region of China has been dedicated over the communications satellite, he thinks this is a great business opportunity, and to 2 million U.S. dollars from the United Kingdom MS Insurance (MerrettSyndicates) purchased a 84-year fixed-point recovery after the failure of the satellite Westar-6, will be renamed PacificStar-2, intends to use the long march to China over the rocket. However, difficulties occurred PGT company funds, so find the co-injection of CITIC made the request.

After careful analysis, CITIC that, PGT use Chinese rockets to be launched in China, specialized communications satellites in Asia is very important ideas. But the PGT does not have such an important project conditions for cooperation. Therefore, CITIC closely tracking the information on one hand, while actively seeking to partner with other modes of cooperation.

CITIC will understand that the British Cable and Wireless has the intention to enter the satellite market in Asia, East Asia and Pacific region I with large, general manager of business development has made the British Court and direct contact. Yaxing Big East also saw the significance of the policy of both sides coincide.

1987 11 24, Big East sent a telex, recommended by the Big East, and remember, the three formed a consortium of CITIC, and satellites to buy, such as financial estimates have put forward the corresponding proposal.

Careful argument, chairman of the board agreed to this program. But put forward a principle: the three must hold equal shares. Sharp Daito Lord himself Chairman of the Board met in Beijing Rong chairman personally confirmed this cooperation. Subsequently, three in Beijing signed a cooperation agreement in principle.

This is Citic's satellite operation although a small but important step the first step.

1988 1 month, CITIC technology development based on the Office of CITIC also set up technology companies.

1988 2 24, CITIC come forward by the technology companies, and the Big East, and recorded three parties signed a joint business in Hong Kong, Asia's satellite deal. Company named "Asia Satellite Telecommunications Company Limited." English abbreviation for the "AsiaSat". Company based in Hong Kong, by the Court and served as first president. Three from each of three board directors.

This point, Yaxing international portfolio after several transformations, and finally setting a new company was born. However, this is just a body set up. The face of the work has just begun, one full of twists and turns of the Reform hardships already revealed.

Article Source: http://depositarticles.com/

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