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Is Huaxia Happiness a State-owned Enterprise?
Huaxia Happiness is a private enterprise in Chinese mainland, not a state-owned enterprise. Huaxia Happiness is a comprehensive enterprise with real estate as its main business. Its main business includes developing and selling real estate, property management, tourism, finance, health, culture and other fields.
State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively. As a form of production and operation organization, state-owned enterprises have both commercial and public welfare characteristics, and play a role in coordinating the development of all aspects of the national economy.
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