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Is Yancheng Haixing Group a state-owned enterprise?

Yes

According to Qixinbao's inquiry, Yancheng Haixing Group, whose full name is Yancheng Haixing Investment Co., Ltd., is a wholly state-owned limited liability company funded by Yancheng Municipal People's Government and belongs to a state-owned enterprise. The company is mainly engaged in infrastructure, municipal engineering, resettlement housing construction and modern service industry, and undertakes important functions such as raising urban construction funds and investing in major urban construction projects.