Is Xuancheng Urban Construction Group a state-owned enterprise?

Yes According to the inquiry of official website of Xuancheng Urban Construction Group, the company was established with the approval of Xuancheng Municipal Government in 20 18. The investor is SASAC, a wholly state-owned company and a state-owned enterprise. Xuancheng Urban Construction Group is a real estate-based enterprise, and its business scope includes urban infrastructure construction, investment, public housing lease and operation, shantytown renovation and resettlement housing construction, and real estate development.