Is the foreign trade trust a state-owned enterprise?

"Yes, to be precise, it is a trust company controlled by central enterprises. The shareholders of Foreign Trade Trust are Sinochem Capital Limited (holding 97.26%) and Sinochem Finance Limited (holding 2.74%). Sinochem Capital and Sinochem Finance are both subsidiaries of China Sinochem, so the actual controller of the foreign trade trust is the central enterprise China Sinochem Co., Ltd..