Is Huaxing Holding Group a state-owned enterprise?

It is a state-owned enterprise. According to official website's inquiry, Huaxing Holding Group is a real industrial investment holding group and a state-owned enterprise. Headquartered in Beijing, China, Huaxing Holding Group has invested, controlled or participated in 190 enterprises and large groups. By the end of1October 20th, 2023, the assets exceeded RMB116 billion, and there were 20,000 employees in the whole country, and the total number of employees in the invested enterprises exceeded 300,000, thus establishing cooperative relations with internationally renowned enterprises and financial families.