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Is China Construction and Installation Group a state-owned enterprise or a central enterprise?
Central enterprises. Central enterprises are wholly state-owned or state-controlled enterprises directly managed by the Central People's Government (the State Council) or entrusted by the state-owned assets supervision and administration institution to exercise the responsibilities of investors, and their leading bodies are entrusted by the Central Organization Department, the State-owned Assets Supervision and Administration Commission of the State Council or other central ministries (associations). China Construction and Installation Group, a wholly-owned subsidiary of China State Construction Engineering Corporation, is an independent legal person with independent business and self-financing. The company, formerly known as China Construction Seventh Bureau Installation Company, is a wholly-owned subsidiary of China State Construction Engineering Corporation, the 23rd of the world's top 500 enterprises and the top leader in the global construction real estate industry.
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