Xinhua reveals China’s ‘Area 51’ in Inner Mongolia

Xinhua reveals China’s ‘Area 51’ in Inner Mongolia

Staff Reporter

2013-08-21

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A satellite image of the secret Badan Jilin Desert range. (Internet photo)

After the Central Intelligence Agency acknowledged the existence of Area 51 as a testing site for U-2 spy planes, a secret Chinese missile range in the Badan Jilin Desert in Inner Mongolia has become the world’s next great site of unexplained mystery, according to Duowei News, a media outlet operated by overseas Chinese. Photo of this secret military site were first revealed by the official news agency Xinhua on Aug. 19 in a report which said the site is never featured on any official maps approved by the government and its purpose had never previously been mentioned in any media report. This secret military facility was established in 2003 for the People’s Liberation Army to test its ballistic missiles and fighters, Xinhua said. Photos published by Xinhua showed the words “those who steal secrets will be caught and executed” outside the entrance of the facility. The history of the base goes back to 1958, when it was originally designed as two shooting ranges, one for ballistic missiles and the other for aircraft. After the integration of the sites in 2003, China’s first indigenous fourth-generation fighter completed its last air-to-air missile tests over the Badan Jilin Desert on Dec. 25 of that year. Various Chinese aircraft and aviation equipment have been tested at the site before entering production. Air combat exercises similar to the Red Flag exercise held at Nellis Air Force Base in Nevada and Eielson Air Force Base in Alaska can also be conducted at the Badan Jilin range, according to Xinhua.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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