Zhongnan shares are controlled by the State Council State-owned Assets Supervision and Administration Commission, so they are central enterprises, which belong to a kind of state-owned enterprises, so Zhongnan shares are also state-owned enterprises. The full name of Zhongnan Co., Ltd. is Guangdong Zhongnan Iron and Steel Co., Ltd., which was formally established on April 29, 1997 with a registered capital of RMB 320 million.