State-owned enterprises State-owned enterprises, including institutions, can actually control the company, although their capital contribution does not exceed 50%. The full name of Liang Jing Holdings is Hainan Liang Jing Holdings Co., Ltd. According to the investigation, Hainan Liang Jing Holdings Co., Ltd. was incorporated in Hainan Provincial Market Supervision Administration on March 22, 20 14, 1988. Its largest shareholder is Beijing Grain Group Co., Ltd., holding 39.68%. Beijing Grain Group Co., Ltd. is a provincial state-owned enterprise and owns a company.