Is Wangfujing Group a central enterprise?

Yes Wangfujing Group is a state-owned enterprise in Chinese mainland, which belongs to one of the subsidiaries of central enterprises. Its parent company is China International Trade Center Group Corporation, which is directly managed by the State-owned Assets Supervision and Administration Commission of the State Council of China. Wangfujing Group is mainly engaged in commercial real estate development, commercial management, retail and hotel management, and is one of the most influential commercial enterprises in China.