Is China Railway Investment and Construction Group Co., Ltd. a provincial state-owned enterprise in Shandong Province?

China Railway Investment and Construction Group Co., Ltd. is a provincial-level state-owned enterprise in Shandong Province. China Railway Construction Investment Co., Ltd. is the only wholly-owned investment enterprise established by the Ministry of Railways of People's Republic of China (PRC) and China in 1994 with a registered capital of 20 billion yuan. It mainly undertakes the investment and financing of large-scale planned road networks, joint-venture railways, local railways and other construction projects that require the holding or equity participation of China Railway. It is a legal entity with independent accounting and asset management as its main business. Mainly responsible for performing the functions of investor representatives of large and medium-sized railway construction projects, investing in project companies, assessing and supervising their operating conditions and investment income, and ensuring the preservation and appreciation of state-owned assets.