Is Sailing Capital Management Co., Ltd. a state-owned enterprise?

It is a state-owned enterprise.

Qizhizhi data shows that Sailing Capital is the manager of Sailing International Investment Fund and is mainly engaged in the establishment, management and investment operation of industrial investment funds and other types of equity investment funds. Sailing International Investment Fund is a RMB international investment and loan fund established in accordance with the guidance of the People's Bank of China and with the strong support of the Shanghai Municipal Government and relevant national departments. Its establishment and operation have received policy support from the People's Bank of China and aims to provide The overseas investment and mergers and acquisitions of domestic enterprises provide a commercialized and market-oriented "overseas platform" and professional comprehensive investment and financing services to realize the national strategy of overseas resource acquisition and RMB internationalization.

Sailing Fund is a corporate system with a total scale of RMB 50 billion, and the first phase of fundraising is RMB 12 billion. Sailing Fund’s investors include central and local enterprise groups, listed companies, well-known private enterprises and financial institutions. In the next few years, the total scale of fund investment will exceed RMB 150 billion through multi-level amplification methods such as parent-child funds, combination of investment and loans, and bond issuance.