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Is CIC Cai Zhong Fund Management Co., Ltd. a state-owned enterprise?

Yes According to official website's inquiry, CIC Cai Zhong Fund Management Co., Ltd. is a fund management company jointly funded by CITIC Trust and CIC, mainly engaged in private equity and other businesses. CIC Cai Zhong Fund Management Co., Ltd. is not a state-owned enterprise although it is related to the state-owned enterprise in the ownership structure.