Is Beijing Vanke Property a state-owned enterprise?

No, Vanke Property is neither a state-owned enterprise nor a private enterprise, but a joint-stock enterprise and a mixed-ownership enterprise with a state-owned background. State-owned enterprises refer to state-owned enterprises that have direct ownership and control over their capital. The will and interests of the government determine the behavior of state-owned enterprises. Private enterprises refer to profit-making economic organizations established or controlled by natural persons and based on wage labor.