Is Zhejiang Jiaogong Group Co., Ltd. a state-owned enterprise?

According to the enterprise survey, Zhejiang Jiaogong Group is a subsidiary of Zhejiang Communications Investment Group, which was established in 1953. It is the only professional highway construction enterprise in Zhejiang Province with the national general contracting qualification of highway engineering and Grade A qualification of highway industry design, and it is the largest and most powerful state-owned enterprise in Zhejiang Province.

The management decision and profit distribution of Zhejiang Jiaogong Group Co., Ltd. are supervised and influenced by state-owned assets, which accords with the basic characteristics of state-owned enterprises. The company also plays an important role in undertaking the task of national infrastructure construction and promoting local economic development, further embodying its status as a state-owned enterprise.