Is Zhujiang Industrial Group a state-owned enterprise?

Yes Pearl River Industrial Group is a state-owned enterprise.

Pearl River Industry (Guangzhou Pearl River Industrial Development Co., Ltd.) is one of the earliest comprehensive real estate development enterprises in Guangzhou, formerly known as Guangzhou Pearl River Real Estate Company, which was established in April 1985.

The registered capital of the company is187,039,400 yuan, and its business scope covers land development, construction, commercial housing sales and leasing; Industrial investment and property management; To undertake housing construction planning, demolition, construction application, engineering consultation and real estate display for more than self-use; Vehicle custody; Wholesale and retail trade.

In the fierce real estate competition, the company always takes serving the society and consumers as the starting point, adheres to the unity of economic benefits, social benefits and environmental benefits, and strives to provide high-quality products and excellent services for the society. The company's social reputation has been continuously improved, and it has established a good brand image in Guangzhou real estate industry.

The company has won many honors and awards from national, provincial, municipal and related industries.

State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively.

As a form of production and operation organization, state-owned enterprises have both commercial and public welfare characteristics, and play a role in coordinating the development of all aspects of the national economy.

State-owned enterprises have a certain administrative nature. Due to historical reasons, the classification of state-owned enterprises is quite complicated. For the state-owned enterprises in China, those who invest or hold more than 50% of the state-owned assets are state-owned enterprises.

1978 before the reform and opening up, even until the end of the 20th century, state-owned enterprises were always supported and fostered by the government. The establishment of state-owned enterprises, a large part of government tax revenue was invested in state-owned enterprises, which led to the establishment and emergence of a large number of state-owned enterprises. Some state-owned enterprises were transformed from the original government departments, such as China Telecom and China Mobile, which were originally the Ministry of Posts and Telecommunications and changed into telecommunications bureaus.

Later, it was reorganized into China Telecom, China Mobile and other telecom enterprises in the late 1990s and early this century. China's state-owned enterprises are registered according to the Regulations on the Administration of the Registration of Enterprise Legal Persons in People's Republic of China (PRC), and the main body of assets investment is the state-owned assets management department, that is, state-owned enterprises.