Hongkong Huaneng Financial Holding Group Co., Ltd. is a wholly-owned subsidiary of China Huaneng Group Co., Ltd. (China Huaneng). China Huaneng is one of the four state-owned power generation groups in China, which has an important strategic position and is strongly controlled and supported by the government. Huaneng Group's financial sector has several branches in Hong Kong, including Huaneng Hong Kong Company and Huaneng Hong Kong Treasury Company, focusing on financial services and fund management. Hong Kong Huaneng Financial Holding Group Co., Ltd. belongs to China Huaneng Group, which is a state-owned enterprise. So is Hong Kong Huaneng Financial Holding Group Co., Ltd. also a state-owned enterprise? .