The controlling shareholder of Zijin Mining is Minxi Xinghang State-owned Assets Investment Management Co., Ltd., which is a wholly state-owned company under the State-owned Assets Supervision and Administration Commission of Shanghang County, Fujian Province. Therefore, state-owned capital holds a controlling position in Zijin Mining. Zijin Mining can be regarded as a state-owned enterprise, but it is not a wholly state-owned enterprise, but a state-owned joint-stock enterprise.