Is China Merchants Property Management Co., Ltd. a state-owned enterprise or a central enterprise?

China Merchants Group belongs to central enterprises, but China Merchants Property does not count.

China Merchants Property is a four-level enterprise under China Merchants Property Co., Ltd., a subsidiary of China Merchants Group in Hong Kong. China Merchants Property is headquartered in Hong Kong, and its domestic branches are all subsidiaries of China Merchants Property in Hong Kong. Therefore, China Merchants Property in China is a foreign joint-stock company, not a state-owned enterprise.

Although China Merchants Property is under the unified leadership of China Merchants Group, a central enterprise. However, the identity of its property company is not a central enterprise, but a central enterprise holding.

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