Is Fude Holding Group a state-owned enterprise?

No Fude Holdings (Group) Co., Ltd. was established on March 28, 2007 with its registered place in Shenzhen. It is a comprehensive investment holding group, neither a state-owned enterprise nor a private enterprise, but a joint-stock 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.