Recently, China Time and Space Information Group Co., Ltd. was registered and established on April 20th in Xiong'an New Area, with a registered capital of 4 billion yuan. The legal representative is Liu Xuelin, and its business scope includes satellite navigation services, satellite communication services, geographic remote sensing information services, etc.
The shareholders of the company include three major state-owned enterprises. Among them, China Satellite Network holds 55% of the shares, and China Mobile holds 20% of the shares.
The establishment of the company will further integrate China's satellite communication resources, accelerate the development of satellite ground integration communication, and join hands in the industrial chain towards the vast ocean of satellite communication.