Firm's listing to help it market fighter abroad

Shenyang Aircraft Corp, a major maker of fighter jets in China, has been listed on the Shanghai Stock Exchange, a move observers said will help to finance the firm's export efforts.

The Liaoning province-based company, part of the State-owned aircraft giant Aviation Industry Corp of China, was launched Friday on the A-share market, which is traded in the renminbi, according to a statement sent to China Daily from AVIC on Monday.

Shenyang Aircraft is the first military aircraft maker to go public on the Chinese market, the statement said. Before the move, AVIC reorganized Shenyang Aircraft's assets and merged it with AVIC Heibao, a listed AVIC subsidiary in Shandong province that produces trucks, according to AVIC.