Beijing Federation of Industry & Commerce, founded in June, 1951, holds important implications for economy, politics, culture and social life in Beijing, and plays an irreplaceable role in promoting the development of non-public economy and guiding those non-public economy representatives to grow in healthier fashion. The service objects of the Federation of Industry & Commerce include private enterprises, limited liability companies, joint stock companies controlled by nonpublic-economy-owned elements, Hong Kong and Macao funded companies, etc. The Federation is now a people's organization and a chamber of commerce, with over 32 thousand company, group and individual members covering 16 districts of Beijing, and 61 professional chambers of commerce out of 201 chambers of commerce, keeping close connections with federations of industry and commerce of other provinces and cities throughout China with significant influence in Beijing.