Is Ocean Kempinski Hotel Hangzhou a state-owned enterprise?

No. Sino-Ocean Kempinski Hotel Hangzhou is located in the center of the bustling business district, connecting large shopping malls, office buildings and high-end residential areas, overlooking the magnificent winding Beijing-Hangzhou Grand Canal. It is not a state-owned enterprise, but refers to a wholly state-owned enterprise, a wholly state-owned company and a state-owned capital holding company in which the State Council and local people's governments respectively perform investor duties on behalf of the country.