Changxing South Taihu Lake Investment and Development Co., Ltd. is a state-owned enterprise.

Yes Taihu Investment Development Co., Ltd. is a state-owned enterprise, and the government can effectively control it directly or indirectly. It has business objectives, so it is a state-owned enterprise. In different countries, different systems and different historical periods, the international definitions of state-owned enterprises are very different. The state-owned enterprises in China are defined according to their control rights and business objectives.