Is Hangdian Jiaotou Group a state-owned enterprise?

Yes Hangzhou Jiaotou Group is a state-owned functional enterprise directly under the Hangzhou Municipal Government. It is a state-owned enterprise, which mainly undertakes the main platform function of investment, construction and operation of transportation infrastructure in Hangzhou. Hangzhou Jiaotou Group is committed to weaving a dense inland waterway network, awakening the vitality of the golden waterway, improving the freight energy level of Hang Cheng, and striving to build Xiasha Port into the first intelligent, efficient and green inland waterway port in Hangzhou.