Is China Shipping Real Estate an employee of a state-owned enterprise?

China Shipping Real Estate is not necessarily an employee of a state-owned enterprise.

China Shipping Real Estate is a wholly-owned subsidiary of China Overseas Industry Co., Ltd. and a wholly foreign-owned enterprise. According to different recruitment methods, employees who join China Shipping Property may enter the company through formal school recruitment and social recruitment, and obtain formal employee status through layer-by-layer assessment. However, if the labor dispatch personnel are recruited through the labor dispatch company, there will be no formal enterprise establishment. Therefore, the employees of China Shipping Property are not necessarily employees of state-owned enterprises.