Is western trust a state-owned enterprise?

Western Trust is a state-owned enterprise. The full name of Western Trust is Western Trust Company Limited, which is a state-controlled non-bank financial institution approved by China Banking and Insurance Regulatory Commission. The company is committed to building itself into an excellent financial asset management company in western China and the preferred financial service provider for high-net-worth customers, and strives to provide investors with professional financial management and asset management services. According to the requirements of 1999 for the fifth reorganization of the trust industry, with the consent of the People's Bank of China, Shaanxi Provincial People's Government merged and reorganized the former Shaanxi Trust and Investment Co., Ltd. (established in 198 1) and Shaanxi Northwest Trust and Investment Co., Ltd. (established in 1987). After assets verification, assets evaluation and capital increase registration, in July 2002, with the approval of the People's Bank of China, Western Trust and Investment Co., Ltd. was established. With the needs of business development, in August 2008, with the approval of China Banking Regulatory Commission, it was renamed as Western Trust Co., Ltd. In recent years, the company took the reform of talent marketization mechanism as the endogenous driving force, comprehensive professional risk management as the guarantee, followed the development of the industry, and constantly accelerated the improvement of trust business and wealth management capabilities, forming a comprehensive trust business system based in Shaanxi and radiating the whole country. The company's characteristic business-"asset securitization" business is currently in the leading position in the industry. The business scope of the company includes fund trust; Chattel trust; Real estate trust; Securities trust; Other property or property rights trust; Engaged in fund investment business as a promoter of investment funds or fund management companies; Manage enterprise assets reorganization, mergers and acquisitions, project financing, enterprise wealth management, financial consulting and other businesses; Entrusted to operate the securities underwriting business approved by the relevant departments of the State Council; Handle intermediary, consultation, credit investigation and other businesses.