Is Guangzhou Guoce Group a state-owned enterprise?

Not a state-owned enterprise. The management of Guangzhou Guoce Group has nothing to do with the country, but belongs to individuals, with more than 40 subsidiaries. Guoce Group is mainly engaged in mineral resources development and financial investment. Guangzhou Guoce Group has many five-star hotels, including some overseas investments, and investments in the United States, Canada and other countries, including farms, commercial real estate and other businesses, medical care and so on.