Is Nanning Financial Investment Group a state-owned enterprise?

Yes Nanning Financial Investment Group is a state-owned enterprise directly under Nanning. Nanning Financial Investment Group Co., Ltd. is a state-owned limited liability company established by the Nanning Municipal Party Committee and Municipal Government to accelerate financial innovation, improve the financial service system, further enhance Nanning's leading position in Guangxi's financial field, promote the construction of a comprehensive financial reform pilot zone along the border, and help Nanning become a regional international financial center facing ASEAN's open cooperation.