According to the inquiry of official website of Changchun Urban Development Group, Changchun Urban Development Investment Holding (Group) Co., Ltd. (hereinafter referred to as "Changfa Group") is a large state-owned enterprise formally established by Changchun Municipal Party Committee and Municipal Government on the basis of comprehensively deepening the reform of investment and financing system for urban construction and integrating relevant state-owned assets and urban resources. At present, Changfa Group has a registered capital of 5.022 billion yuan and total assets of over 300 billion yuan. Its total assets rank first among local state-owned enterprises in Jilin Province and 10 among national urban investment enterprises. There are 89 wholly-owned and holding subsidiaries, with the highest AAA credit rating in China and overseas BBB investment credit rating. It is the first city investment enterprise with the highest credit rating in the three northeastern provinces. In 2022, he won the Science and Technology Award of China Urban Development Research Association to promote urban development, the title of "Top Ten Famous Enterprises" selected by Changchun Charming Unit, and the national, provincial and municipal honors such as Changchun Youth Model Collective. So it belongs to state-owned enterprises.