Is Jiangsu Zhong Chao Investment Group Co., Ltd. a state-owned enterprise?

No. Enterprises that the government can effectively control directly or indirectly are called state-owned enterprises, while Jiangsu Zhong Chao Investment Group is managed and controlled by its private enterprises, which are not state-owned enterprises. The company was established on February 4, 2007, and its business scope includes using its own funds to invest abroad.