Is China Mineral Resources Group Co., Ltd. a monopoly enterprise?

No China Mineral Resources Group Co., Ltd., established in 2022, is a wholly state-owned company directly managed by the central government and a state-authorized investment institution. This group is different from the previously reorganized central enterprises such as the State Pipe Network Group. It is not a joint-stock company formed by stripping and integrating the business of several monopoly enterprises, but is wholly owned by SASAC, which is conducive to transforming national resources and enhancing its authority.