Is Guo Liang Group a state-owned enterprise?

COFCO Group Co., Ltd. is a super-large state-owned enterprise directly managed by the central government, affiliated to the State-owned Assets Supervision and Administration Commission of the State Council, headquartered in Beijing, and formerly known as 1949 North China Foreign Trade Company established in Tianjin.

COFCO, referred to as COFCO for short, is an investment holding company integrating research, development, processing and trade of grain, oil and food. Founded in 1949 and headquartered in Beijing.