Is the waterfront property in Jiangbei District of Ningbo City owned by City Investment Company?

Yes Ningbo jiangbei waterfront property is a subsidiary of Ningbo jiangbei urban construction investment development co., ltd, which is a state-owned enterprise. City investment company is the abbreviation of urban construction investment company, and it is the investment and financing platform of major cities in China. It originated from 199 1 and assumed the corresponding government functions. It is a special market operator.