Is Qingdao Yongbao Group a state-owned enterprise?

No Qingdao Yongbao Industrial Holding Co., Ltd., established in 2020, is located in Qingdao, Shandong Province, and is a private enterprise focusing on business services. Qingdao, also known as Island City, Qingdao and Jiaoao, is a prefecture-level city, a sub-provincial city, a city with separate plans and a megacity under the jurisdiction of Shandong Province, China.