Is Shandong Port and Yantai Port a state-owned enterprise?

Yes, Yantai Port is a state-owned enterprise wholly owned by Shandong Provincial People's Government. It is one of the important ports for foreign trade in Shandong Province, with rich port resources and shipping capacity. Yantai Port is a national first-class open port determined by the National Bureau of Statistics and listed as a national key support port. As a state-owned enterprise, Yantai Port's management is regulated by national laws and regulations, and it bears the important responsibility of national development and supply chain guarantee.