Is Shanghai Zhaoan Property State-owned?

Shanghai Zhaoan Property is not a state-owned enterprise. State-owned property companies owned by state-owned developers have the nature of state-owned enterprises. For example, Poly Property under Poly Real Estate, China Shipping Property under China Shipping Real Estate, China Resources Property under China Resources Land and China Merchants Property under China Merchants Property are all state-owned property companies. Properties like state-owned enterprises, after all, are not the main positions of the group industry, but belong to supporting industries. Now basically, market-oriented operation has been implemented, and personnel are recruited from the society.