State-owned enterprises State-owned enterprises refer to enterprises that are funded or controlled by the state for more than 50%, also called state-owned enterprises. According to Aiqi's investigation, Wang Changqing, the legal representative of CITIC Jiantou Securities Co., Ltd., was established on June 2, 2005, mainly engaged in securities business, settlement and sale of foreign exchange business and foreign exchange business. The enterprise type is joint stock limited company (state-owned), and the four major shareholders are Beijing State-owned Capital Management Center, central huijin Investment Co., Ltd. and Century respectively.