Liuzhou Bank belongs to Liuzhou Financial Investment Development Group and is a local state-owned enterprise supervised by Liuzhou State-owned Assets Supervision and Administration Commission. Therefore, Liuzhou municipal state-owned capital has the ultimate control over Liuzhou Bank and should be regarded as a state-owned enterprise. However, Liuzhou Bank has non-state-owned shareholders, so it is not a wholly state-owned bank. To sum up, Liuzhou Bank is a local state-owned joint-stock enterprise, and Liuzhou local state-owned assets occupy a controlling position.