Traditional Culture Encyclopedia - Hotel franchise - Is the hotel on Huangshan Mountain a state-owned enterprise?

Is the hotel on Huangshan Mountain a state-owned enterprise?

It is a state-owned enterprise. According to Qichacha, the Guoyuan Hotel owned by Huangshan Shang is a wholly state-owned subsidiary of Anhui Guoyuan Holding (Group) Company. It is invested by the state construction and included in the state-owned enterprise. State-owned enterprises refer to enterprises invested, participated or controlled by a country's government. The meaning of state-owned enterprises in China is broader, and it also includes enterprises invested and controlled by local governments.