Is Shandong Development Investment Holding Group a state-owned enterprise?

Yes Shandong Development Investment Holding Group Co., Ltd. is a state-owned enterprise. The provincial functional state-owned capital investment and operation company approved by Shandong Provincial People's Government was officially put into operation in February 20 15. When the proportion of state-owned investment exceeds 50%, the enterprise is a state-owned enterprise. Shandong Development Investment Holding Group Co., Ltd. is a state-owned enterprise, because the proportion of state-owned investment exceeds 50%.