Because the real state-owned enterprise refers to this state-owned enterprise, but his subordinates may belong to his investment and other businesses. Although he actually said that most of this control is in this state-owned enterprise.
But in fact, his own part still doesn't belong to the whole state-owned enterprise, so it doesn't belong to a state-owned enterprise completely, but there are some state-owned enterprise backgrounds outside. It should really be a private enterprise. Therefore, the subsidiaries under state-owned enterprises are not state-owned enterprises. But it can be called a company with some state-owned enterprise backgrounds.