Is overseas Chinese finance a state-owned enterprise or a private enterprise?

State-owned enterprises, in international practice, only refer to enterprises invested or controlled by the central government or the federal government of a country. In China, state-owned enterprises also include enterprises controlled by local governments. The will and interests of the government determine the behavior of state-owned enterprises. As a form of production and operation organization, state-owned enterprises have the characteristics of both profit-making legal persons and public welfare legal persons. Its profitability is reflected in the pursuit of maintaining and increasing the value of state-owned assets. Its public welfare is reflected in the fact that the establishment of state-owned enterprises is usually to achieve the goal of national economic regulation and play a role in coordinating the development of all aspects of the national economy.

A private enterprise refers to a profit-making economic organization established or controlled by natural persons with investment and based on wage labor according to Article 9 of the Provisions of the National Bureau of Statistics and the State Administration for Industry and Commerce on Classification of Enterprise Registration Types (1August 28, 998, Zi [1998] No.200).

Guangdong Overseas Chinese Financial Assets Trading Center (hereinafter referred to as "Overseas Chinese Gold Exchange") was approved by the Guangdong provincial government, initiated by China Youth Travel Industry Development Co., Ltd., a large central enterprise, and Shantou East Coast Investment and Construction Co., Ltd., a wholly state-owned company in Shantou Overseas Chinese Economic and Cultural Cooperation Experimental Zone (hereinafter referred to as "Overseas Chinese Experimental Zone"). Hayes (Shenzhen) Financial Holdings Co., Ltd. and Shenzhen Qianhai New Capital Financial Holdings Co., Ltd. * * * on 201.