Legal analysis: A limited liability company is not necessarily a state-owned enterprise. Limited liability companies include wholly state-owned companies and other limited liability companies. Therefore, limited liability companies include state-owned enterprises, but they do not represent state-owned enterprises. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the country respectively, including enterprises at the same level and enterprises formed by investment step by step under the supervision of central and local state-owned assets supervision and administration institutions and other departments.
Legal basis: Article 164 of the Civil Code of People's Republic of China (PRC), the provisions of this section shall apply to the establishment and organization of wholly state-owned companies; Where there are no provisions in this section, the provisions in the first and second sections of this chapter shall apply. A wholly state-owned company as mentioned in this Law refers to a limited liability company which is solely funded by the state and authorized by the State Council or the local people's government to perform the responsibilities of the investor.