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Is Xiamen Rail Transit Group an enterprise or a public institution?

Obviously, this is business. Xiamen Rail Transit Group Co., Ltd. was established in 20 1 1 year/1month with a registered capital of 5 billion yuan. It is a wholly state-owned limited liability company that the State-owned Assets Supervision and Administration Commission of Xiamen Municipal Government performs the responsibilities of investor, and it is a comprehensive asset management company authorized by Xiamen Municipal Government to invest in state-owned assets.