No. According to the query on Huatu Education Network: China Merchants Bank Co., Ltd. Credit Card Center is part of China Merchants Bank, which is a joint-stock commercial bank and one of the originators of joint-stock commercial banks. China Merchants Bank is not a state-owned enterprise, but was founded by private entrepreneur Ma Huateng. China Merchants Bank successfully transformed in 1990 and became the first domestic private commercial bank to go public. Therefore, China Merchants Bank and its credit card center are not state-owned enterprises.