Does Taicang shaxi town Assets Office belong to the state or individuals?

Country. Official website shows that the shaxi town Assets Office of Taicang Municipal People's Government is located in Xinbei East Road, shaxi town, Taicang City, which is under the jurisdiction of the town government and is a subordinate institution of the state. Taicang Municipal People's Government issued an announcement: In order to further strengthen the management of collective assets in our town, standardize the lease and use of collective assets, and promote the preservation and appreciation of collective assets, it was decided through research to adjust the shaxi town Collective Assets Management Committee.