On this day, 45 years ago, on May 1, 1980 (March 17, 1980, the first joint venture in China officially opened. On May 1, 1980, Beijing Aviation Food Company, a joint venture operated by the Beijing Administration of Civil Aviation of China and Hong Kong China Aviation Food Company, officially opened business and obtained the Sino-foreign Joint Venture Business License No. 001 issued by China's Industrial and Commercial Department. The joint venture period is 8 years and the registered capital is 5.88 million yuan. The person in charge of the company is Wu Shuqing, who later established more than 20 joint ventures or wholly-owned enterprises in the mainland. She serves as the executive director of the Hong Kong side.