Is Evergrande a private enterprise or a state-owned enterprise?

Evergrande Group is a large private enterprise group established in 1996, and its headquarters is in Shenzhen, China. Although some subsidiaries of Evergrande Group have the word "China", they are not state-owned enterprises. Evergrande Group is based on Minsheng Real Estate, covering cultural tourism, health care, new energy vehicles and other fields.

China Evergrande Group (listing code: HK03333) is located in Shenzhen. Formerly known as Evergrande Real Estate Group Co., Ltd., it is an international enterprise group listed on the main board of Hong Kong Stock Exchange, integrating real estate planning and design, development and construction, and property management, and its registered place is in Cayman Islands (British).

The difference between state-owned enterprises and private enterprises

1. Nature of ownership: State-owned enterprises refer to enterprises established, managed and operated by the state government, and belong to public enterprises. Private enterprises refer to enterprises established, managed and operated by private investors, which belong to private ownership enterprises.

2. Business objectives: In addition to pursuing economic benefits, the business objectives of state-owned enterprises also bear certain national policies and social responsibilities, such as safeguarding national economic security and safeguarding national interests. The main business objectives of private enterprises are to maximize profits and fulfill social and economic responsibilities.

3. Management system: State-owned enterprises usually adopt a strict management system, follow the requirements of national laws, regulations and policies, and accept the supervision and management of relevant government departments. On the basis of observing national laws and regulations, private enterprises have high operational autonomy and can formulate management systems according to market demand and the actual situation of the company.

The above contents refer to Baidu Encyclopedia-China Evergrande Group.