January 23, 1989 (, Boshin In the twelfth lunar month XVI), the Asian satellite launch contract was signed in Beijing. In 23,

1989 Asia Satellite Telecommunications Company Limited and China Great Wall Industry Corporation AsiaSat 1 communications satellite launch services contract signed in Beijing. Under this contract, the the the AsiaSat 1 "by China's participation in the investment and operation, will take place from February 1990 to April launched with a" Long March III rocket at the Xichang Satellite Launch Centre by China Great Wall Industry Corporation liter empty, into geostationary transfer orbit, eventually designated in Southeast Asia over. Asia Satellite Telecommunications Company Limited (lsjt.net)
satellite launch agreement signed in June 1988 and the Great Wall Industry Corporation, and has signed a letter of intent leased satellite transponders with some foreign users. (The history TodayOnHistory.com)
"Asia One" is Asia's first regional communications satellite communications coverage, including China, most of Asia, and provides voice, data, Figure like passing and other information services. Fengyun satellites manufactured by Hughes with 24 C-band transponders and a life expectancy of 10 years, is one of the world's most mature one of the series of communications satellites, the signal strength of the ground several times larger than China is now leased international satellite can greatly reduce the cost of ground receiving facilities.