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Is Shanghai Industrial City Development Group Co., Ltd. a state-owned enterprise?

The company is a state-owned enterprise.

Shanghai Industrial City Development Group Co., Ltd. (hereinafter referred to as "Four Cities Development") is a state-owned enterprise with real estate development as its main business and belongs to Shanghai Industrial Group. As a real estate developer with deep state-owned enterprise background, SIC has a certain popularity and influence in the market. At present, SIC has 50-99 employees, belonging to the scale of small and medium-sized enterprises.

The company's main business focuses on the real estate field, covering the development and sales of residential, commercial, office and other properties.