Is ZTE a central enterprise or a state-owned enterprise?

ZTE is a state-owned enterprise. It is precisely because its state-owned shares are in a controlling position, that is, a mixed ownership enterprise with state-owned shares and many enterprise shares, and private enterprises also enjoy enterprise control. The president of ZTE is Hou Weigui. He used to be the founder of Shenzhen Zhongxing Weixiantong Equipment Co., Ltd. (a private enterprise) and the largest shareholder of the company. Later, he served as the president of ZTE, which was established by several companies.

Shareholders of ZTE

ZTE Corporation has four major shareholders, the largest of which is ZTE, and the largest shareholder and actual controlling shareholder behind Zhong Xintong is ZTE Weixiantong Company founded by Hou Weigui before. The second largest shareholder is Xi An Wei Institute of Electronics, and the third largest shareholder is Aerospace Guangyu. Xi An Wei Institute of Electronics and Aerospace Guangyu are both wholly state-owned enterprises under the China Aerospace Science and Industry Group (central enterprises), so ZTE can be understood as a state-owned holding enterprise. In 20 17, ZTE's controlling shareholder, ZTE's equity changed, and the third largest shareholder, Aerospace Guangyu, transferred 2.5% of its shares to the new shareholder, Zhuhai Guoxing Ruike (a private enterprise), thus forming ZTE's equity.