Is Futeng Bank a private enterprise or a state-owned enterprise?

State-owned enterprises According to the inquiry of Fu Deng Bank official website, BOC Fu Deng Rural Bank was established by Bank of China in cooperation with Fu Deng Financial Holding Company under Temasek. The major shareholder of this bank is China Bank, China Bank is a state-owned foreign-funded bank, controlled by China Bank, and China Bank is a state-owned financial institution.