Is Orient Asset Management Corporation a central enterprise or a state-owned enterprise?

Orient Asset Management Co., Ltd. is a central enterprise. China Orient Asset Management Co., Ltd. was established in 1999, registered in Beijing, and its business scope is 1. It buys and is entrusted with the management, investment and disposal of non-performing assets of financial institutions. 2. Converting creditor's rights into equity, managing, investing and disposing of equity assets; 3. buying and selling securities; 4. Issuance of financial bonds, interbank borrowing and commercial financing from other financial institutions.