State-owned enterprises State-owned enterprises refer to unincorporated economic organizations whose assets are owned by the state and registered in accordance with the Regulations on the Administration of Registration of Enterprise Legal Persons. The connotation of state-owned enterprises is that assets belong to the whole people and the government holds the ultimate ownership.
State-owned enterprises are divided into central enterprises (state-owned enterprises supervised and managed by the central government) and local enterprises (state-owned enterprises supervised and managed by local governments).
As a state-owned enterprise in China, central enterprises have long been an important pillar of China's national economy. According to the state-owned assets management authority of China municipal government. (For example, five state-owned banks, postal services, State Grid, telecommunications and other state-owned enterprises directly supervised by the central government)