With a total registered capital of 50 billion yuan, AircraftEngine Corp of China, the 12th military industrial group of the country, was incorporated in Beijing on May 31, which indicates that the company has made its official debut since it initialized organization in October 2015.

According to information from the Beijing Administration for Industry and Commerce, AircraftEngine Corp of China's scope of business includes power units for military and civilian aircrafts, second power plants, gas turbines, design, development, production, maintenance, sales and after-sales service in helicopter drive systems as well as technical derivatives of aviation engines.

Diffrent from the general state-owned enterprises with only one shareholder, AircraftEngine Corp of China has four corporate shareholders: the Commercial Aircraft Corporation of China Ltd., the Beijing State-owned Assets Operation & Management Center, the State-owned Assets Supervision and the Administration Commission and Aviation Industry Corporation of China.

Aero engines have been the “Achilles' tendon” of China's aviation industry, and the establishment of AircraftEngine Corp of China can be described as having a special mission.

A government work report in 2015 included "aircraft engines and gas turbines" onto the list of national strategic emerging industries for the first time; it has proposed to implement major projects in these fields and has vowed to strengthen defense-related research and high-tech weaponry and equipment construction.