Is COFCO in Songyuan City, Jilin Province a state-owned enterprise?

It is a state-owned holding company. Historical and legal background has played a decisive role in becoming a state-owned enterprise. COFCO was established by the central government department. In the process of China's state-owned enterprise reform, the government integrated various departments' enterprises through equity investment and divided them into state-owned assets, forming a number of large state-owned enterprises, including COFCO. COFCO in Songyuan City, Jilin Province belongs to the state as the controlling shareholder and can naturally be classified as a state-owned enterprise. Jilin Songyuan COFCO Group Co., Ltd. is a subsidiary of China COFCO Group.