BEIJING, July 30 (CGTN) - A ceremony marking the completion and launching of the BeiDou-3 Navigation Satellite System is being held at the Great Hall of the People in Beijing on Friday.

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission (CMC), is attending the ceremony.

At the event, Zhang Youxia, vice chairman of the CMC, read a congratulatory message by the CMC.

The new updated BeiDou-3 satellite was launched from the Xichang Satellite Launch Center in southwest China's Sichuan Province on June 23.

The satellite, carried by a Long March-3B carrier rocket, is the 30th BDS-3 satellite and the 55th in the BeiDou satellite family.

The system will offer high-precision positioning and short message communication, which will bring global navigation satellite systems to new highlights.