Why is COFCO Real Estate a central enterprise?

The Central People's Government (the State Council) may entrust the state-owned assets supervision and administration institution to exercise the responsibilities of investor. According to official website's inquiry of COFCO Real Estate, COFCO Real Estate is a state-owned enterprise or a state-controlled enterprise directly managed by the Central People's Government (the State Council) or entrusted by the Central Organization Department, the State-owned Assets Supervision and Administration Commission of the State Council or other central ministries (associations). The business scope of the company includes real estate development and management, property management, enterprise management consulting and architectural design consulting.