Is Hangdian Guo Hong Group a state-owned enterprise?

In the ownership structure of Hang Guo Hong Group, the state or government does not directly or indirectly own shares, which does not conform to the definition of state-owned enterprises. The management mode of Hang Guo Hong Group is closer to private enterprises, and its management decision-making and operation mode are more market-oriented and less affected by government intervention.

The development direction and policy orientation of Hang Guo Hong Group are more in line with the requirements of marketization, and the business scope and project selection are more concerned with market demand and economic benefits, rather than simply serving government policies or public interests.