Central enterprises and state-owned enterprises are not juxtaposed concepts. The relationship between them is like apples and fruits, a small concept and a big concept. The so-called central enterprises are state-owned enterprises owned by the central government and are a kind of state-owned enterprises. In Chinese mainland, in addition to the state-owned enterprises owned by the central government, there are also local state-owned enterprises, collectively referred to as state-owned enterprises. Central enterprises belong to state-owned enterprises, but state-owned enterprises are not necessarily central enterprises.
Yangtze Power Group 20 12 completed the reorganization. The two major shareholders are Aerospace Science and Industry Corporation and Wuhan State-owned Assets Supervision and Administration Commission, both of which are state-owned, so Changjiang Electric Power must be a state-owned enterprise. Among the two major shareholders, Aerospace Science and Industry Group holds 80% of the shares as the controlling shareholder, and it is a state-owned enterprise directly supervised by the State Council State-owned Assets Supervision and Administration Commission. Therefore, the state-owned capital owned by the central government has the ultimate control over Changjiang Electric Power, which should be regarded as a subsidiary of Aerospace Science and Industry Group, so it is also a central enterprise.