Is Nanjing Urban Construction Group a state-owned enterprise?

Yes Nanjing Urban Construction Investment Holding (Group) Co., Ltd. was established in 2002 and is a state-owned enterprise directly under the municipal government. Its main function is to accept the entrustment of the municipal government and undertake the investment, financing, construction, operation and management tasks of urban infrastructure and municipal public utilities projects. State-owned enterprises refer to the unincorporated economic organizations whose assets are owned by the state and registered in accordance with the Regulations of People's Republic of China (PRC) Municipality on the Administration of Enterprise Legal Person Registration.