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Is Cai Zhong Merchants Investment Group a state-owned enterprise?
The group is not a state-owned enterprise.
Cai Zhong China Merchants Investment Group is a private enterprise, established in 1995 and headquartered in Hangzhou, China. Its equity and management rights are controlled by private capital and are not owned by the state. State-owned enterprises usually refer to enterprises controlled or owned by the state, while Cai Zhong Group is controlled by individuals or private enterprise groups.
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