Is Yicheng Hotel City Investment Company a state-owned enterprise?

Yes According to the information of official website of the State Administration for Industry and Commerce, the company's capital is all funded by the state and owned by state-owned enterprises. It is a legally established organization engaged in production and business activities and a state-owned enterprise. City investment company is the abbreviation of urban construction investment company, and it is the investment and financing platform of major cities in China. It originated from 199 1 and assumed the corresponding government functions. It is a special market operation entity.