Is Shang Lu Group a state-owned enterprise or a central enterprise?

State-owned enterprises State-owned enterprises refer to companies owned, shared and controlled by the state or government, or companies holding more than 50% of the shares. Central enterprises refer to companies controlled and managed by the State-owned Assets Supervision and Administration Commission of the State Council. Shang Lu Group refers to Shandong Commercial Group Co., Ltd. According to Aiqi's inquiry, Shandong Commercial Group Co., Ltd. is owned by the State-owned Assets Supervision and Administration Commission of Shandong Provincial People's Government, with a holding ratio of over 50%, so it belongs to a state-owned enterprise. Shang Lu Group is a large state-owned enterprise established by Shandong Provincial Department of Commerce at the end of 1992. Its business scope includes real estate, hotels, tourism, cultural media and so on.