Is Zhongnan Property a state-owned enterprise or a private enterprise after being acquired by China Resources?

State-owned enterprises Because China Resources Group is one of the state-owned enterprises in Chinese mainland, Zhongnan Property has actually become a subsidiary of China Resources Group after being acquired by China Resources, that is to say, its ownership and management rights are in the hands of the state. However, it should be noted that in the specific operation process, Zhongnan Property is still operated and managed in the form of marketization, not just government control.