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FuJian HongQi Co., LTD. is a state-owned proprietary company approved by FuJian province government. The  corporation grew out of FuJian HongQi machinery plant which was the second grade of large scale state military-and-related enterprise. At present, with total assets reach nearly 400 million yuan, the company has held controlling share of XiaMen Red Flag Machinery Co., Ltd., and NingBo HONGQI MA Textile Machinery Science & Technology Co., Ltd, and it holds the share of many enterprise, such as the Industrial Bank Co., Ltd and FuJian Hong Xiang Precision Machinery Co., Ltd. etc.
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