Is Poly (Beijing) Real Estate Development Co., Ltd. a state-owned enterprise or a private enterprise? And what is the relationship with Beijing jinchenghua real estate development co., ltd.

I'll give you the opposite answer to Poly Group. Poly Real Estate (Group) Co., Ltd. is a large state-owned real estate enterprise controlled by China Poly Group, a real estate business operation platform of China Poly Group, and a national first-class real estate development qualified enterprise. On July 3rd, 2006, KLOC-0, the company's shares were listed on the Shanghai Stock Exchange, becoming the first real estate enterprise to restart the IPO market after the share-trading reform.