Zhejiang Property is a state-owned enterprise and a central enterprise under the China SASAC. The company has more than 20 subsidiaries, mainly engaged in chemical industry, machinery, steel, petroleum, household appliances, communications, new materials, new energy, logistics and other industries, which are affiliated to China China Resources Corporation, and its business involves more than 50 countries and regions around the world.
State-owned enterprises refer to enterprises controlled by the government, usually enterprises owned or mainly controlled by the state. State-owned enterprises are usually public limited companies, and the government can have the majority voting rights and control the company's decision-making.