Is Chengdu Business Daily a state-owned enterprise or a public institution?

Chengdu Business Daily belongs to Sichuan Daily Newspaper Group and is a state-owned enterprise rather than a public institution.

As an important local newspaper in Sichuan Province, Chengdu Business Daily belongs to Sichuan Daily Newspaper Group, which is a large state-owned enterprise group directly led by Sichuan Provincial Party Committee and provincial government. According to the relevant laws and regulations of our country, state-owned enterprises have independent legal personality and independently bear civil and administrative responsibilities, which is obviously different from public institutions in law. Since its establishment, Chengdu Business Daily has been a profit-making market entity operating independently according to law. Its property right belongs to Sichuan Daily Newspaper Group. Unlike public institutions, it will not be allocated or subsidized by the state. In addition, editors, journalists and other employees of Chengdu Business Daily are not civil servants or staff of public institutions, but employment contracts.

What's the difference between state-owned enterprises and institutions? State-owned enterprises and institutions are very different in nature. State-owned enterprises refer to economic organizations funded or controlled by the state and managed by the state. They aim at making profits and operate independently according to law. Institutions refer to non-profit units organized by state organs, enterprises, institutions and social organizations according to law, and implement the system of self-sufficiency in business income and allocation of business funds according to law. There are also obvious differences between state-owned enterprises and institutions in legal status, employee treatment and management methods.

Chengdu Business Daily is a state-owned enterprise under Sichuan Daily Newspaper Group, which is obviously different from public institutions in legal nature. This difference will be related to the setting of foreign economic activities, internal management methods and employee treatment.

Legal basis:

Article 6 of the Company Law of People's Republic of China (PRC) applies to the company registration authority for registration of establishment. Those that meet the conditions for establishment as stipulated in this Law shall be registered as limited liability companies or joint stock limited companies respectively by the company registration authority; Those who do not meet the conditions for establishment as stipulated in this Law shall not be registered as a limited liability company or a joint stock limited company. Where laws and administrative regulations stipulate that the establishment of a company must be approved, the approval procedures shall be handled according to law before the company is registered. The public may apply to the company registration authority to inquire about the registered items of the company, and the company registration authority shall provide inquiry services.