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What is the level of Changsha Chengfa Group?

State-owned enterprise level. According to official website's national enterprise credit information publicity system, Changsha Urban Development Group Co., Ltd. is fully funded by the Municipal State-owned Assets Supervision and Administration Commission authorized by Changsha Municipal Government, and its registered capital is super high, belonging to the level of large state-owned enterprises. The enterprise was reorganized from Changsha Chengtou Group and Pioneer Holding Group. It was formally established on September 25, 2009 with a registered capital of 50 billion yuan and total assets of over 230 billion yuan. It has three "AAA" credit ratings: Changsha Chengfa Group, Changsha Chengtou and Pilotage Holding Group.