Does the government holding company belong to the administrative subject?

No, the essential nature of a government holding company is a company, a limited liability company and a guarantee institution controlled by the local people's government. Among the registered capital, the state-owned assets investment and operation limited liability company holds 50% or more shares, and the rest shares absorb social funds. The company will provide credit guarantee services such as financing and performance guarantee for technology-intensive small and medium-sized enterprises that meet the development direction of national and local industries, have products, markets and development prospects, and are particularly conducive to technological progress and innovation. The company is controlled by the government and adopts the guarantee mode of market operation, which improves the company's guarantee credit and opens up a realistic channel for the development of small and medium-sized enterprises.