Is Guangdong Materials Group a state-owned enterprise?

The subject wants to ask, "Is Cai Yue Group a state-owned enterprise?" ? Yes According to the inquiry of official website of Cai Yue Group, Cai Yue Group is a limited liability company authorized by the State Council or the local people's government to perform the investor's duties, so Cai Yue Group is a state-owned enterprise. Guangdong Cai Yue Investment Holding Co., Ltd. (formerly known as Guangdong Financial Development Corporation) is a large-scale financial holding enterprise directly under the Guangdong Provincial People's Government, 1984, registered in Dongfeng Middle Road, Yuexiu District, Guangzhou, and its business scope includes capital operation management, asset entrustment management and investment project management. Science and technology venture capital, industrial investment, enterprise reorganization, merger and acquisition consulting service, internet information service.