Is CIMC Xu Chuang a state-owned enterprise or a central enterprise?
Not state-owned enterprises, nor central enterprises, but private enterprises. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the investor's duties on behalf of the country respectively. Enterprises refer to wholly state-owned or state-owned holding enterprises that are directly managed by the Central People's Government (the State Council) or entrusted by the state-owned assets supervision and administration institution to perform the investor's duties. The leading group is entrusted by the Central Organization Department, the State-owned Assets Supervision and Administration Commission of the State Council or other central ministries (associations). Zhongji Xu Chuang Co., Ltd. was established on June 27, 2005. The largest shareholder is Shandong Zhongji Investment Holding Co., Ltd., a private enterprise, accounting for 1 1.32%, so Zhongji Xu Chuang is not a state-owned enterprise, nor a central enterprise, but a private enterprise.