Is Sunac China a state-owned enterprise?

Sunac China is a private enterprise rather than a state-owned enterprise. Sunac China's full name-Sunac China Holdings Co., Ltd. is a company listed on the Hong Kong Stock Exchange, specializing in the comprehensive development of residential and commercial real estate. The company adheres to the regional focus and high-end boutique development strategy. There are many projects in different stages of development in Beijing, Tianjin, Shanghai, Chongqing and Hangzhou, and the products cover high-end residential, villa, commercial, office and other property types.

Extended data:

About private enterprises

There are different views on the concept of private enterprises in economics. One view is that private enterprises are legal person economic entities with private investment, private operation, private enjoyment of investment income and private undertaking of business risks. Another view is that relatively state-owned enterprises can be divided into state-owned private enterprises and private private enterprises according to different forms of ownership. The property rights of state-owned private enterprises belong to the state, and the lessee shall, in accordance with the requirements of the market economy, raise funds by itself, operate independently, be responsible for its own profits and losses and bear its own risks. Private enterprises refer to individual enterprises and private enterprises.

About state-owned enterprises

State-owned enterprises refer to the state's ownership or control over its capital, and the will and interests of the government determine the behavior of state-owned enterprises. State-owned enterprises are the backbone of national economic development and the pillar of Socialism with Chinese characteristics.

As an organizational form of production and operation, state-owned enterprises have both commercial and public welfare characteristics. Their commerciality is reflected in the pursuit of maintaining and increasing the value of state-owned assets, and public welfare is reflected in the fact that state-owned enterprises are usually set up to achieve the goal of national economic regulation and control and play a role in coordinating the development of all aspects of the national economy.

References:

Baidu Encyclopedia-Rongchuang China Holding Co., Ltd.

Baidu encyclopedia-private enterprise

Baidu encyclopedia-state-owned enterprise