Beijing Development Imp.& Exp. Corporation Limited, jointly funded by the state, its employees and some natural persons, was established in 2002 with the approval by the Ministry of Foreign Trade and Economic Cooperation, the predecessor of the existing Ministry of Commerce of China. As a modern state-owned enterprise, the corporation implements the general manager responsibility system under the leadership of the board of directors, pays special attention to the overseas market, and follows the people-oriented personnel strategy, thus greatly promoting its international business while creating better welfare and more self-development opportunities for its employees.