Is Haitong Hengxin a state-owned enterprise?

No, according to the enterprise inquiry, Haitong Hengxin International Leasing Co., Ltd. belongs to a foreign-funded company and is listed as a joint venture between Taiwan, Hong Kong and Macao. Haitong Hengxin International Leasing Co., Ltd. is a large professional leasing company with a registered capital of US$ 523 million, which is controlled by Haitong Securities through its wholly-owned subsidiary haitong international.