Is CNNC Finance Co., Ltd. a state-owned enterprise?

It is a state-owned enterprise.

The enterprise handles finance, financing consulting, credit certification and related consulting and agency business for CNNC member units, knowing that the information shows; Assist member companies to realize the receipt and payment of transaction funds; Provide guarantee for member units; Handling entrusted loans and entrusted investments between member units; Handle bill acceptance and discount for member companies; Handle internal transfer settlement between member units and corresponding settlement and liquidation plans; Absorb deposits from member units; Handling loans and financial leasing for member units; Engage in interbank lending; Issuing financial company bonds upon approval; Underwriting corporate bonds of member units; Equity investment in financial institutions; Securities investment.