Is Lantian County Urban Investment Corporation a state-owned enterprise?

City Investment Company is a state-owned enterprise. The structure and management mode of city investment company are very close to those of government agencies and institutions. City investment company is basically the vest and clique of local government, undertaking the functions of financing and agent construction, and its main business is infrastructure construction, water, gas, public transportation, resettlement housing management and so on. Such units are generally the leading enterprises in the local state-owned assets system, enjoy the franchise rights of some industries, have a certain monopoly position, and their work stability is second only to that of government agencies and institutions.