Shanghai bourse, AVIC tie up to give military firms easier funding access

April 23, 2015 11:10 AM

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SHANGHAI, April 23 (Reuters) - The Shanghai Stock Exchange said on Thursday it is partnering with Chinese aviation conglomerate Aviation Industry Corp of China (AVIC) to give military-related companies easier access to capital markets.

AVIC owns about 200 subsidiaries, including over 20 listed units such as AviChina Industry & Technology and Jiangxi Hongdu Aviation Industry Co Ltd. A majority of its units are involved in the defense industry, producing fighter jets, helicopters, missiles, and aviation engines.

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