Is Xinjiang Guanghui Group a state-owned enterprise or a private enterprise?

Xinjiang Guanghui Group was established in 1989, and its initial capital mainly came from private investors. According to China's relevant laws and regulations, private enterprises refer to enterprises whose assets and capital are mainly owned and controlled by private investors. Therefore, from the nature of the enterprise, Xinjiang Guanghui Group can be regarded as a private enterprise.

The equity of Xinjiang Guanghui Group is mainly held by private investors. Although the company introduced some state-owned capital during its development, its major shareholder and actual controller are still private investors.