What about the town government property?

Of course. However, the capital contribution procedure is a little more complicated, because the town government has no functions of capital contribution and state-owned assets management. Strictly speaking, if a limited liability company is to be established, it must be approved or funded by SASAC. There are two alternatives. First, an individual establishes a limited company (one-person limited liability company) or a two-person limited company and transfers the equity to the town government. This kind of transfer is not regulated by the law of state-owned assets supervision, but it must comply with local regulations. Second, set up urban collective enterprises. Setting this is the first step. The second step is to go to the construction Committee and the housing management department to declare the property management qualification and go through the formalities for examination and approval of fees.