Is Feng Wan real estate a state-owned enterprise?

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.

Shanghai Feng Wan Enterprise Group was founded in 199 1, and its 20-year development course is also a microcosm of the great development of social and economic reform and opening up in China. From the initial monomer construction to dozens of holding companies, Feng Wan has expanded its business to Shanghai, Sichuan, Shandong, Jiangsu, Liaoning and other provinces and cities as well as foreign markets such as Southeast Asia, involving real estate development, commercial operation, agricultural product circulation, financial investment and other fields, and has more than 500,000 square meters of various operating properties.

By comparison, we know that he is a private enterprise and can't be a state-owned enterprise.