Is Qingdao Huatong a state-owned enterprise?

Yes According to the information released by Qingdao Hua official website, Qingdao Huatong is an inherent enterprise, not a private enterprise, but a state-owned enterprise. Established in February 2008, Qingdao Huatong State-owned Capital Investment and Operation Group Co., Ltd. is a pilot enterprise for the reform of Qingdao State-owned Capital Investment and Operation Company with advanced business model.