Is Qingdao Ronghai Group a state-owned enterprise?

Qingdao Rong Hai Group is a state-owned enterprise. According to official website of Qingdao Ronghai, Qingdao Ronghai State-owned Capital Investment and Operation Co., Ltd. is a state-owned company directly under the People's Government of Licang District, Qingdao, and a comprehensive group with diversified business sectors. Ronghai takes "improving the quality of the city and helping a better life" as its own responsibility, based on the region, radiating the whole city and advancing together with Qingdao. It has successively undertaken key projects of Life Medical Island Industrial Park, Ronghai International Hotel, Ronghai Zhiyuan Mansion, Ronghai Yunzhu, Qingdao No.2 Middle School Academician Port Branch, Chongli Primary School, etc. 12 provinces, cities and districts.