Is Guotai Hanbo a state-owned enterprise or a private enterprise?

Guotai Hanbo is a state-owned enterprise. According to the information released by Tea Love Enterprise, Jiangsu Guotai International Group Co., Ltd. is a state-owned enterprise. Guotai Hanbo is an independent state-owned subsidiary of Jiangsu Guotai Group. Mainly engaged in yarn, fabrics, clothing import and export trade and investment in advantageous industries. The company's address is located at Floor 6-30, Block B, Guotai Financial Plaza, Binhe Road, Yang Shezhen, Zhangjiagang City. Therefore, Guotai Hanbo is a state-owned enterprise.