Is hengfeng bank a central enterprise or a state-owned enterprise?

State-owned enterprises Hengfeng bank is a state-owned enterprise. It is a national joint-stock commercial bank, established in 1987, formerly known as Yantai Housing Savings Bank. In 2003, with the approval of the People's Bank of China, it was restructured into hengfeng bank Co., Ltd. Although the largest shareholder in hengfeng bank is Yantai Finance Bureau, holding 6.5%, there are also many state-owned banks such as China Bank, China Industrial and Commercial Bank, China Agricultural Bank and China Construction Bank. Since the definition of state-owned enterprises includes enterprises invested or controlled by the state or local governments, hengfeng bank meets this definition.