Is Ningbo Port Co., Ltd. a state-owned enterprise?

Ningbo Port Co., Ltd. is a national key enterprise managed by State-owned Assets Supervision and Administration Commission of Zhejiang Province. Its predecessor was Ningbo Port Authority, and it was restructured into Ningbo Port Group in 2004. In March, 2008, seven companies, including Ningbo Port Group and China Merchants International, went public through international financing, renamed Ningbo Port Co., Ltd., with a registered capital of 654.38 billion+008 billion, and Ningbo Port Group held 90% of the shares.