What is the nature of companies invested by state-owned enterprises?

Legal analysis: companies funded by state-owned companies should be wholly state-owned companies. Refers to a limited liability company which is solely funded by the state and authorized by the State Council or the local people's government to perform the responsibilities of the investor by the state-owned assets supervision and administration institution of the people's government at the corresponding level.

Legal basis: Article 64 of the Company Law of People's Republic of China (PRC), the provisions of this section shall apply to the establishment and organization of wholly state-owned companies; Where there are no provisions in this section, the provisions in the first and second sections of this chapter shall apply. A wholly state-owned company as mentioned in this Law refers to a limited liability company which is solely funded by the state and authorized by the State Council or the local people's government to perform the responsibilities of the investor.