On July 21, 2006, CGWIC signed a share transfer agreement with Beijing Aerospace Satellite Applications Corporation for the shares of Great Wall Airlines Co. Ltd., whereby the shares in Great Wall Airlines Co. Ltd. will be transferred to Beijing Aerospace Satellite Applications Corporation.
On June 13, 2006, the U.S Treasury Department announces that it had placed four Chinese companies on a list of companies whose assets are to be frozen, and that it would freeze CGWIC assets in the USA.
On April 26, 2006, CGWIC President Wang Haibo attended the Nigerian President's welcome dinner for PRC President Hu Jintao. On the 27th, President Hu attended a Sino-Nigerian Entrepreneurs' Forum, which President Wang Haibo was invited to attend.
On January 20, 2006, CGWIC signed a launch services contract with China Satellite Communications Corporation for the launch of the ChinaSat-6B satellite on board a LM-3B launch vehicle. The satellite will be launched in the first half of 2007 from the Xicheng Satellite Launch Center, and be placed into orbit at a longitude of 115.5°E.