Is Xingquan Fund a state-owned enterprise?

No. Industrial Securities Global Fund is a private enterprise, Industrial Capital Investment Co., Ltd. controlled by Industrial Bank. It was founded in 2007 with a registered capital of 50 million yuan. It provides professional bidding services to various banks, localities and government agencies. It is a large private enterprise, so Not a state-owned enterprise. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies in which the State Council and local people's governments respectively perform investor duties on behalf of the state.