Is Yancheng Investment Company a state-owned enterprise?

Yanjin County Urban Investment Company is not a state-owned enterprise. According to relevant information, City Investment Company is the abbreviation of Urban Construction Investment Company, and it is a platform for investment and financing of major cities in China. Originated from 199 1, it undertakes corresponding government functions. It is a special market operator. Most of these city investment companies are unprofitable, belonging to public institutions or wholly state-owned companies, and make profits through government subsidies. Therefore, it is a special market operator with the nature of government.