Is China South-to-North Water Diversion Group Co., Ltd. a state-owned enterprise or a central enterprise?

It is a central enterprise and a state-owned enterprise (the concepts of central enterprise and state-owned enterprise intersect, all central enterprises belong to state-owned enterprises, but state-owned enterprises are not necessarily central enterprises).

According to statistics, China South-to-North Water Diversion Group Co., Ltd. (referred to as "China South-to-North Water Diversion Project") was formally established in Beijing on October 23rd, 2020. It is a wholly state-owned limited company approved by the State Council and established according to the Company Law of People's Republic of China (PRC), which is directly managed by the central government. The registered capital of the company is tentatively set at 654.38+050 billion yuan, which is a large state-owned key enterprise related to the national water resources security and the lifeline of the national economy.

China South-to-North Water Diversion Group independently engages in production and operation activities according to the national economic development and market needs, and is responsible for the preliminary work, fund raising, development, construction and operation management of the South-to-North Water Diversion Project, the safety, operation and water supply of the South-to-North Water Diversion Project, raising investment for the follow-up projects of the South-to-North Water Diversion Project, and effectively exerting the strategic and basic role of the South-to-North Water Diversion Project in safeguarding national water security, improving ecological environment and fully realizing socialization. Responsible for the asset management of the South-to-North Water Transfer Project, carry out various investment and business activities according to law, exercise the rights of investors of affiliated enterprises and joint-stock companies, and undertake the responsibility of maintaining and increasing the value of the assets of the South-to-North Water Transfer Project. Establish the brand of "China South-to-North Water Transfer Project" and strive to build a world-class inter-basin water supply project development and operation group enterprise.

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