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Is Shanghai Jiaofa Group a state-owned enterprise?
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According to the inquiry, Shanghai Jiaofa Group is a state-owned enterprise and a subordinate enterprise of the Municipal Transportation Bureau. Shanghai Jiading Transportation Development Group Co., Ltd. (hereinafter referred to as "Jiading Jiaofa Group") is a wholly state-owned group company approved by the district government with a registered capital of 800 million yuan. It was officially unveiled in 20 13, with 26 subsidiaries of various types.
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