Is Hengyi Advertising a State-owned Enterprise?

Yes Shanghai Hengyi Advertising Co., Ltd. is a state-owned capital company controlled by the state and belongs to a state-owned enterprise. It is a wholly-owned subsidiary of Hunan xiaoxiang morning herald Media Management Co., Ltd., a subsidiary of Zhongnan Media. Registered in Shanghai in 2003, headquartered in Changsha, Hunan, its business is based in Central South, covering first-tier core cities such as Beijing, Shanghai, Guangzhou, Guangxi and Jiangxi, and it is one of the most influential all-media integration agents in Central China.