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Is E Fund a state-owned enterprise?

This company is not a state-owned enterprise.

E Fund Management Co., Ltd. was established on April, 2006, with branches in Beijing, Guangzhou and Shanghai and subsidiaries in Hong Kong.

State-owned enterprises refer to enterprises invested or controlled by the central government or the federal government of a country. In China, state-owned enterprises also include enterprises invested and controlled by local governments. Therefore, Yifangda is not a state-owned enterprise.