Is Guangdong Finance Trust a state-owned enterprise?

Guangdong Cai Yue Trust, known as Guangdong Cai Yue Trust Co., Ltd., is a trust company registered in Guangdong Province, China. Shareholders of Cai Yue Trust include Guangdong Trade Holding Group Co., Ltd. under the Guangdong Provincial People's Government and Guangdong Trust Co., Ltd. under the Guangdong Provincial Department of Finance. Therefore, from the perspective of ownership structure and actual controller, Cai Yue Trust can be considered as a trust company with a state-owned enterprise background.

However, it should be noted that Cai Yue Trust may have certain autonomy in its operation and management, and its specific business strategy and business direction may be different from other state-owned enterprises. Therefore, although Guangdong Finance Trust has a state-owned enterprise background, it may be closer to a market-oriented financial institution in management.