Is Changzhou Investment Group a state-owned enterprise?

Changzhou Investment Group is a state-owned enterprise and a wholly state-owned company approved by the Changzhou Municipal People's Government.

Introduction to Changzhou Investment Group:

Changzhou Investment Group Co., Ltd. was established in February 2002 on the basis of Changzhou Trust Investment Company, Changzhou Investment Company and Changzhou Changxin Group. Registered capital is 1.2 billion yuan. The group is mainly engaged in the investment, operation and management of state-owned capital, and its business involves three major fields: financial finance, comprehensive services and industry.

The group has 64 wholly-owned and holding subsidiaries at all levels, and 42 are actually operating subsidiaries, including 18 wholly-owned and holding companies directly managed by the group and 6 important subsidiaries. As of the end of 2021, the group's total assets were 38.8 billion yuan, and total net assets were 18.3 billion yuan; that year, it achieved operating income of 5.1 billion yuan, paid taxes of 144 million yuan, paid state-owned capital gains of 141 million yuan, and achieved a net profit of approximately 1.143 billion yuan.

Changzhou Investment Group is the actual controller of Donghai Securities, holding 26.68 shares, and is the largest shareholder of Jiangnan Bank, holding 10 shares. Its subsidiary Changchai Co., Ltd. is the first listed company in the national agricultural machinery industry and Changzhou City, and is one of the top 100 enterprises in China's machinery industry. The group holds 32.26 shares. Financial investment and capital operation are the core businesses of the group, which mainly include: equity investment, venture capital, fund management, participation in private placement of listed companies, etc.