Is Shanghai Guo Sheng Group Co., Ltd. a state-owned enterprise?

Yes Established in September 2007, Shanghai Guo Sheng (Group) Co., Ltd. is a large-scale state-owned capital operation platform company approved by the municipal government. It is the product of Shanghai's economic transformation and upgrading and the reform of state-owned enterprises, and is a state-owned enterprise. State-owned enterprises refer to the unincorporated economic organizations whose assets are owned by the state and registered in accordance with the Regulations of People's Republic of China (PRC) Municipality on the Administration of Enterprise Legal Person Registration.