CHONGQING, China, Dec. 29, 2025 /PRNewswire/ -- A news report from Xinhua Finance:
The sixth Jiangbeizui New Financial Conference was held in Chongqing's Liangjiang New Area on December 28. Themed "New Finance, New Opportunities: Intelligent Integration for Inclusive and Efficient Finance — Fostering the Development of a Western Financial Center," the event brought together more than 500 industry experts and business representatives from China and abroad.
In recent years, Chongqing has implemented the "Intelligent Integration for Inclusive and Efficient Finance" initiative to strengthen financial support for economic development, while Liangjiang New Area has drawn on the concentration of financial institutions and professionals in Jiangbeizui to support the establishment of the core functional zone of the Western Financial Center. As a result, Jiangbeizui's financial sector has steadily grown in overall strength and regional influence, with a notable increase in its ability to serve the real economy.
At the conference, Liangjiang New Area unveiled its private equity fund cluster. Since the beginning of the year, the area has introduced 12 private equity funds focused on advanced manufacturing, semiconductors, aerospace and space-based information technologies, and technology commercialization, with a total committed capital exceeding RMB 10 billion.
The conference also featured the signing ceremony for the "Joining Forces for Quality-Driven Production: Building a New Sci-Tech Finance Ecosystem" program, which is intended to collaboratively establish a new ecosystem for science and technology finance. In addition, the Jiangbeizui Financial Service Center of the New Land-Sea Corridor was formally inaugurated, providing integrated one-stop financial services and serving as a showcase for the effectiveness of financial services supporting the corridor's development.
During the plenary session, speeches were delivered by prominent figures including Lin Yifu, Dean of the Institute of New Structural Economics and Honorary Dean of the National School of Development at Peking University, and Ma Weihua, Chairman of Menglang Sustainable Digital Technology and former President of China Merchants Bank.
Liangjiang New Area serves as the primary platform and main hub for Chongqing to implement national initiatives, enhance productivity, and drive the growth of new and emerging industries. It also acts as the central hub for Chongqing's developing role as a Western Financial Center. With a solid industrial foundation, a well-established financial service system, the combined effect of multiple national initiatives, and a favorable financial policy environment, Liangjiang New Area offers broad opportunities for business growth.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Sixth Jiangbeizui New Financial Conference Opens in Chongqing's Liangjiang New Area
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ATLANTA, April 3, 2026 /PRNewswire/ -- Precision Aviation Group (PAG), a leading global provider of aftermarket aviation and aerospace services, today announced that EFIX and PAG Australia have been added to the Safran Electrical & Power Authorized Repair Center (ARC) Network, further expanding PAG's global OEM authorized repair capabilities.
With the addition of EFIX and PAG Australia, PAG now operates five Authorized Repair Centers within the Safran Electrical & Power ARC Network for its DC Generators and GCU, reinforcing the company's commitment to providing high-quality, OEM-approved MRO support across key global regions.
The five PAG companies authorized within the Safran Electrical & Power ARC Network include:
- Precision Aviation Group (PAG) – Atlanta, Georgia, USA
- PAI Canada – British Columbia, Canada
- Tuner Aviation – Glasgow, Scotland
- EFIX – Brazil
- PAI Australia – Queensland, Australia
"This expansion reflects the continued investment we're making across our Component Services organization to meet OEM standards while supporting customers where they operate," said Jordan Webber, Vice President of Component Services at Precision Aviation Group. "Adding EFIX and PAG Australia to the Safran Electrical & Power ARC Network allows us to extend trusted, authorized repair and distribution capabilities into new regions while maintaining the quality, consistency, and reliability our customers expect."
Safran Electrical & Power is a global leader in aircraft electrical systems, and its Authorized Repair Center Network is designed to ensure consistent standards of quality, compliance, and performance across approved service providers.
The inclusion of EFIX and PAG Australia enables PAG to offer expanded regional coverage in South America and the Asia-Pacific region, reducing turnaround times while maintaining the highest standards of safety and reliability.
About Precision Aviation Group (PAG)
Precision Aviation Group (PAG) is a leading provider of maintenance, repair, and overhaul (MRO) and value-added supply chain services to the aerospace and defense industries. With 26 Repair Stations, 28 locations worldwide, 1,280 employees, and over 1.2 million square feet of production and distribution facilities, PAG offers comprehensive MRO services on more than 200,000 product lines. PAG supports operators in the Airline, Business and General Aviation (BGA), Military, and Rotary Wing markets through its Inventory Supported Maintenance, Repair, and Overhaul (ISMRO®) business model.
www.precisionaviationgroup.com
About Safran
Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 100,000 employees and sales of 27.3 billion euros in 2024, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.
Safran Electrical & Power is one of the world's leaders in aircraft electrical systems. The company is a key player in equipment electrification and in the electric and hybrid propulsion sector. It has more than 15,500 employees across 13 different countries.
For more information: www.safran-group.com
Photo - https://mma.prnasia.com/media2/2949133/Precision_Aviation_Group__PAG_employee_holds_an_aircraft_part.jpg?p=medium600
Logo - https://mma.prnasia.com/media2/1515200/Precision_Aviation_Group_Logo.jpg?p=medium600
ATLANTA, April 3, 2026 /PRNewswire/ -- Precision Aviation Group (PAG), a leading global provider of aftermarket aviation and aerospace services, today announced that EFIX and PAG Australia have been added to the Safran Electrical & Power Authorized Repair Center (ARC) Network, further expanding PAG's global OEM authorized repair capabilities.
With the addition of EFIX and PAG Australia, PAG now operates five Authorized Repair Centers within the Safran Electrical & Power ARC Network for its DC Generators and GCU, reinforcing the company's commitment to providing high-quality, OEM-approved MRO support across key global regions.
The five PAG companies authorized within the Safran Electrical & Power ARC Network include:
- Precision Aviation Group (PAG) – Atlanta, Georgia, USA
- PAI Canada – British Columbia, Canada
- Tuner Aviation – Glasgow, Scotland
- EFIX – Brazil
- PAI Australia – Queensland, Australia
"This expansion reflects the continued investment we're making across our Component Services organization to meet OEM standards while supporting customers where they operate," said Jordan Webber, Vice President of Component Services at Precision Aviation Group. "Adding EFIX and PAG Australia to the Safran Electrical & Power ARC Network allows us to extend trusted, authorized repair and distribution capabilities into new regions while maintaining the quality, consistency, and reliability our customers expect."
Safran Electrical & Power is a global leader in aircraft electrical systems, and its Authorized Repair Center Network is designed to ensure consistent standards of quality, compliance, and performance across approved service providers.
The inclusion of EFIX and PAG Australia enables PAG to offer expanded regional coverage in South America and the Asia-Pacific region, reducing turnaround times while maintaining the highest standards of safety and reliability.
About Precision Aviation Group (PAG)
Precision Aviation Group (PAG) is a leading provider of maintenance, repair, and overhaul (MRO) and value-added supply chain services to the aerospace and defense industries. With 26 Repair Stations, 28 locations worldwide, 1,280 employees, and over 1.2 million square feet of production and distribution facilities, PAG offers comprehensive MRO services on more than 200,000 product lines. PAG supports operators in the Airline, Business and General Aviation (BGA), Military, and Rotary Wing markets through its Inventory Supported Maintenance, Repair, and Overhaul (ISMRO®) business model.
www.precisionaviationgroup.com
About Safran
Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 100,000 employees and sales of 27.3 billion euros in 2024, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.
Safran Electrical & Power is one of the world's leaders in aircraft electrical systems. The company is a key player in equipment electrification and in the electric and hybrid propulsion sector. It has more than 15,500 employees across 13 different countries.
For more information: www.safran-group.com
Photo - https://mma.prnasia.com/media2/2949133/Precision_Aviation_Group__PAG_employee_holds_an_aircraft_part.jpg?p=medium600
Logo - https://mma.prnasia.com/media2/1515200/Precision_Aviation_Group_Logo.jpg?p=medium600
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Precision Aviation Group Expands Safran Electrical & Power Authorized Repair Center Network to Five Global Facilities
