Is Huaxia Happiness a State-owned Enterprise?

Huaxia happiness is not a state-owned enterprise. According to the information of official website of the State Administration for Industry and Commerce, this company is an organization engaged in production and business activities invested by individual capital, not a state-owned enterprise. Huaxia Happiness Foundation Co., Ltd., established in 1998, is a leading industrial new city service provider in China with stock code 600340. The company takes the industrial new city with "high industrial concentration, perfect urban functions and beautiful ecological environment" as its core product, and provides comprehensive solutions for sustainable development through the mode of "government-led, enterprise operation and cooperation". Huaxia Happiness's main businesses include industrial new towns and related businesses, commercial real estate and related businesses, and its main products include industrial new towns, industrial towns and real estate development. By the end of June 20 19, the company's assets exceeded 450 billion yuan.