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Is Qingdao West Coast Development Group a state-owned enterprise?

Yes Qingdao West Coast Development (Group) Co., Ltd. is a wholly state-owned enterprise directly under the Qingdao Municipal Party Committee and Municipal Government, with a registered capital of 654.38+000 billion yuan. Its main function is to provide a market-oriented operation platform for state-owned capital, carry out equity investment and capital operation around the development and construction of functional parks, accelerate industrial agglomeration and promote the integration of production and city.