As a subsidiary of Ping An Group, it provides financial leasing services, mainly providing customers with financial support in equipment leasing, real estate leasing and government procurement. Although Ping An Group is a well-known compound financial service company in China, it is not a state-owned enterprise, but a listed company registered in Chinese mainland.
State-owned enterprises refer to state-owned enterprises, also known as state-owned economy. State-owned enterprises refer to enterprises funded, controlled and operated by the state or local governments. Their main feature is that the ownership belongs to the state or local government.