Is Shandong Minsheng Group Co., Ltd. a state-owned enterprise?

No, Shandong Minsheng Group Co., Ltd. is not a state-owned enterprise, but a private enterprise. Minsheng Group was established in 1995, and was rated as one of the top 500 private enterprises in China by China Enterprise Evaluation Association. From 2005 to 2007, it was awarded "Top 500 Service Enterprises in China" and "Top 200 Real Estate Enterprises in China (100)" successively. Minsheng Group is the first private enterprise with a history of more than 30 years. From commercial circulation to high-tech industries, real estate, construction, tourism, mining development and other industries and invest in the construction of large-scale urban infrastructure.