Is Fuzhou Huarong Group a public institution?

Yes A public institution refers to a public institution organized by a state organ or other organization using state-owned assets for the purpose of social welfare. Fuzhou Huarong Group is a state-owned limited company approved by the Ministry of Foreign Trade and Economic Cooperation of the State Council and registered in Hongkong, China, which meets the standards of public institutions, so it is a public institution. Huarong Group was established in 1985.