Yes According to the information of official website of the State Administration for Industry and Commerce, all the capital of Sino-Thai Futures is invested by the state and owned by state-owned enterprises. It is a legally established organization engaged in production and business activities and belongs to state-owned enterprises. Zhongtai Futures Co., Ltd. was established on the basis of the former Zhongtai Futures Co., Ltd. (formerly known as CITIC Jiantou Co., Ltd.), and has obtained futures investment qualification since the establishment of Zhongtai Futures in February 2005.