Is Beijing Luji Asset Management Co., Ltd. a state-owned enterprise?

Not a state-owned enterprise. State-owned enterprises must be enterprises funded or controlled by the national government or local governments, in which the government's shareholding ratio is not less than 50%. The holding type of Beijing Luji Asset Management Co., Ltd. is a limited liability company, which is controlled by Yang Zhongxian, a natural person, rather than an enterprise funded or controlled by the national government or local government, in which the government's shareholding ratio is not less than 50%. Therefore, Beijing Luji Asset Management Co., Ltd. is not a state-owned enterprise because it does not meet the standards defined by state-owned enterprises.