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Is Zheng Hong's commerce state-owned?

The company is not a state-owned enterprise.

Henan Zheng Hong Commercial Management Co., Ltd. is a commercial real estate sector owned by Henan Zheng Hong Holdings. It is a diversified large-scale group company integrating commercial operation, real estate development, property management and high-tech manufacturing. Henan Zheng Hong Commercial Management Co., Ltd. was established in the early 1990s, which is a private enterprise, so it is not a state-owned enterprise.