Is Warburg Securities a state-owned enterprise?

Huabao Securities is a state-owned enterprise because its shareholders are Baosteel Group Co., Ltd. and Huabao Trust Co., Ltd., among which Baosteel Group Co., Ltd. is a state-owned enterprise and a securities company under Baosteel Group. In addition, Warburg Securities itself is a state-owned enterprise, so it is inevitable that Warburg Securities is a state-owned enterprise.

Huabao Securities Co., Ltd. is a limited liability company approved by China Securities Regulatory Commission, legally registered, with independent legal personality, independent operation, independent accounting and self-financing. The company started business on March 8, 2002 and was registered in Shanghai with a registered capital of1500 million yuan. The company has sales offices in Shanghai, Beijing, Hangzhou, Zhoushan, Fuzhou and Shenzhen.

1. State-owned enterprises, in international practice, only refer to enterprises invested or controlled by the central government or the federal government of a country. In China, state-owned enterprises also include enterprises invested and controlled by local governments. The will and interests of the government determine the behavior of state-owned enterprises. As a form of production and operation organization, state-owned enterprises have the characteristics of both profit-making legal persons and public welfare legal persons. Its profitability is reflected in the pursuit of maintaining and increasing the value of state-owned assets. Its public welfare is reflected in the fact that the establishment of state-owned enterprises is usually to achieve the goal of national economic regulation and play a role in coordinating the development of all aspects of the national economy. In particular, it is pointed out that in China, apart from the central enterprises in a broad sense and a narrow sense, the responsibility of a single central enterprise in the process of national social and economic development is quite special. These central enterprises are directly managed by the State Council and belong to the ministerial level. 2065438+February 2005, the Fifth Plenary Session of CPC Central Commission for Discipline Inspection released an important signal that state-owned enterprises represented by central enterprises will become an important "battlefield" to promote the anti-corruption struggle.

Second, state-owned enterprises have a certain administrative nature. Due to historical reasons, the classification of state-owned enterprises in China is quite complicated. In international practice, enterprises that invest or hold more than 50% of state-owned assets are state-owned enterprises; State-owned enterprises in Chinese mainland and Taiwan Province generally refer to enterprises invested by pure state-owned assets. Of course, the law also regulates state-owned enterprises.