Is Qingdao Guo Xin Group a state-owned enterprise?

The company is a state-owned enterprise.

Qingdao Guo Xin Development (Group) Co., Ltd. is a wholly state-owned company in Qingdao, and Qingdao SASAC is a state-owned enterprise authorized by Qingdao Municipal People's Government to perform the responsibilities of investor. The business areas of the Group include comprehensive finance, urban function development, urban operation services, marine industry and urban information industry. Committed to becoming a market-oriented city professional investment operator combining industry and finance.