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Is Rizhao Industrial Group a state-owned enterprise?

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Rizhao Industrial Group is a diversified enterprise group integrating international trade, real estate development, industrial manufacturing, overseas investment, construction and property services. The company is a private enterprise, which is a key private enterprise in Rizhao City and one of the eight shareholders of Rizhao City Commercial Bank. Become one of the top 500 private enterprises in China. The group's total assets exceed 2.6 billion yuan and its employees exceed 3,500. It has three business divisions, namely, trade, real estate and industry, and 16 branches. Its business network covers China, Japan, South Korea, Russia, Europe, America and Southeast Asia, and maintains good business cooperation with many Fortune 500 companies.