What level of unit is Laiwu Finance Group?

Laiwu Finance Group is a state-owned enterprise at the same level as a department-level unit. Laiwu Finance Group is a provincial backbone financial enterprise and a functional state-owned capital investment and operation company authorized by the Provincial Department of Finance to directly perform the duties of a state-owned financial capital investor in accordance with the authorization of the provincial government. It has been built into an investment and operation company linked with fiscal and financial policies.