Legal analysis: State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the country respectively, including enterprises at the same level and enterprises formed by their investment step by step under the supervision of central and local state-owned assets supervision and administration institutions. State-owned enterprises have ownership or control over their capital, and the will and interests of the government determine the behavior of state-owned enterprises.
Legal basis: Article 64 of the Company Law of People's Republic of China (PRC), the provisions of this section shall apply to the establishment and organization of wholly state-owned companies; Where there are no provisions in this section, the provisions in the first and second sections of this chapter shall apply. A wholly state-owned company as mentioned in this Law refers to a limited liability company which is solely funded by the state and authorized by the State Council or the local people's government to perform the responsibilities of the investor.