Is China Railway Group a state-owned enterprise?

Huatie Co., Ltd. is a state-owned enterprise and a subordinate unit of China Railway Bureau. At present, Huatie Group has five wholly-owned subsidiaries, seven absolute holding subsidiaries, two joint ventures controlled by state-owned enterprises, three shareholding companies, 1 tourism platform and 1 planning and design institute. Its business scope covers the whole country, and it has grown into a large-scale diversified company integrating railway construction, real estate development, tourism and cultural investment, planning and design, agent management, energy development, film and television media, asset management and other comprehensive businesses.