Is Huzhou Construction Engineering Group Co., Ltd. a state-owned enterprise?

Huzhou Construction Engineering Group Co., Ltd. is not a state-owned enterprise.

Huzhou Construction Engineering Group Co., Ltd. was once funded by a state-owned enterprise, but in the past few decades, due to the needs of market competition and enterprise reform, this company has experienced many reorganizations and equity changes. Now Huzhou Construction Engineering Group Co., Ltd. is a private enterprise, owned and operated by private investors.

2. Huzhou Construction Engineering Group Co., Ltd. is not a state-owned enterprise, but a private enterprise. Huzhou Construction Engineering Group Co., Ltd. was established in 1953, formerly known as Zhejiang Fifth Construction Engineering Company. After many reforms and changes, it has now become a limited liability company with independent legal personality. The company's main business scope includes various industrial and civil construction projects, as well as real estate development, property management and other related services. State-owned enterprises, that is, state-owned enterprises, refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that perform the responsibilities of investors on behalf of the state. The property of state-owned enterprises belongs to the state, and the will and interests of the state determine the behavior of state-owned enterprises.