According to the inquiry of official website of China Evergrande Group, Evergrande Group is not a state-owned enterprise, but a private enterprise. Xu Jiayin is the founder of Evergrande Group, and he owns the controlling share of Evergrande Group, whose shares are controlled by Xu Jiayin and his family. The shares of Evergrande Group have not been listed, issued or publicly issued, and the government has not participated in the holding.