Is a wholly state-owned company a state-owned enterprise? What is a wholly state-owned company?

Wholly state-owned; Wholly state-owned enterprises (wholly owned subsidiaries of wholly state-owned enterprises, branches established by two or more wholly state-owned companies, and directly or indirectly holding shares); State-owned enterprises (shareholders of state-owned enterprises generally feel that the proportion of single warehouse is higher than 50%, excluding the situation that the total warehouse exceeds 50%); Actual control of state ownership (shareholders of state-owned companies independently account for less than 50% of the shares and are the largest shareholders, and shareholders of state-owned companies have significant or specific management rights over the company's business decisions and management methods). State-owned enterprises refer to companies invested or controlled by authorized units or state-owned units of China local government. This concept focuses on the nature of management and the form of ownership. Corresponding to this, other enterprises are collective ownership, private enterprises and foreign-funded enterprises.

Wholly state-owned enterprises refer to state-owned enterprises funded by enterprises authorized by local governments. A wholly state-owned enterprise is not a state-owned enterprise. A wholly state-owned company refers to a limited liability company independently funded by China, and the state-owned assets supervision institution of the municipal people's government with districts is authorized by the State Council or the local people's government to perform the investor's duties. State-owned enterprises refer to companies invested or controlled by central projects in China, as well as companies invested and controlled by local governments. The law stipulates that Article 64 of the Company Law of People's Republic of China (PRC) can be applied to the establishment and management organization of a wholly state-owned company; Where there are no provisions in this section, the provisions in the first and second sections of this chapter may apply. The term "wholly state-owned enterprise" as mentioned in these Measures refers to a limited liability company that is independently funded by China and authorized by the State Council or the local people's government, and the state-owned assets supervision institution of the municipal people's government with districts performs the responsibilities of the investor.

Article 65 The articles of association of a wholly state-owned enterprise shall be formulated by the state-owned assets supervision and administration institution or by the shareholders' meeting and submitted to the state-owned assets supervision and administration institution for approval. A wholly state-owned company is an enterprise independently invested by China, and the State Council or the local people's government authorizes the state-owned company or other units to perform the responsibilities of investors. The investor of its wholly-owned subsidiary is not a state-owned company, but a legal person with independent personality, and its assets are independent of state property, so it is not a wholly state-owned enterprise and cannot expand step by step.

It is different from an enterprise composed of two or more state-owned enterprises or other state-owned units with the same investment. Although the ownership of the investment in the following multi-party projects still belongs to the state, and the ownership nature of the company's capital has not changed, there are several investors and shareholders of the company, and there are several different types of stakeholders.