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Is Pinghu Chengtou Commercial Management Co., Ltd. a state-owned enterprise?

Pinghu Chengtou Commercial Management Co., Ltd. is a state-owned enterprise. The structure and management model of urban investment companies are very close to those of government agencies and public institutions. Urban investment companies are basically the vests and direct relatives of local governments. They are responsible for financing and construction. Their business is the management of infrastructure construction, water affairs, gas, public transportation, and resettlement housing.