Is Shanghai First Finance a private enterprise or a state-owned enterprise?

It is a state-owned enterprise. According to Aiqi, Shanghai First Financial Media Co., Ltd. is a state-owned enterprise, and Shanghai Xibaien Investment Holdings Co., Ltd. holds more than 94% of the shares. Shanghai Xibeien Investment Holding Co., Ltd. is a state-owned enterprise. Shanghai First Financial Media Co., Ltd. was established on September 29, 2005, located on the 9th floor of No.651Nanjing West Road, Jing 'an District, Shanghai.