Is Hangzhou Relian Group Co., Ltd. a state-owned enterprise?

Yes According to Aiqi, Hangzhou Relian Group Co., Ltd. is a state-owned enterprise and a subsidiary of Relian Group. The company's capital is owned or controlled by the state, which conforms to the definition of state-owned enterprise. As a typical representative of state-owned enterprises, Relian Group undertakes the important mission of national economic development. Through the business expansion in the fields of steel trade and black goods, Relian Group has formed a "one body and two wings" development pattern driven by scientific research and based on spot trade of goods. As a state-owned holding company of Hangzhou Industrial Investment Group, Relian Group is one of the important carriers for the implementation of the national economic strategy and has made important contributions to the national economic development. As a second-class state-owned holding enterprise under the State-owned Assets Supervision and Administration Commission of Hangzhou, Relian Group abides by the will and interests of the government, accepts the guidance and supervision of the government, and ensures the economic security and strategic interests of the country. To sum up, Hangzhou Relian Group Co., Ltd. is a state-owned enterprise, because its capital is owned or controlled by the state and bears the important mission of national economic development.