Is Xiqing Branch of COFCO Lijin (Tianjin) Grain and Oil Co., Ltd. a state-owned enterprise?
Xiqing Branch of COFCO Lijin (Tianjin) Grain and Oil Co., Ltd. is a state-owned enterprise. Xiqing Branch of COFCO Lijin (Tianjin) Grain and Oil Co., Ltd. is a subsidiary of COFCO, also known as COFCO Tianjin Lijin Mill Food Co., Ltd., and is a wholly-owned subsidiary of COFCO. COFCO is a state-owned enterprise in China and one of the large state-owned enterprise groups managed by SASAC in the State Council, China. Therefore, COFCO Tianjin Lijin Mill Food Co., Ltd. is a part of state-owned enterprises. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively.