Is Guo Mao Futures a State-owned Enterprise?

It is a state-owned enterprise. According to official website information of the State Administration for Industry and Commerce, Guo Mao Futures is a wholly-owned subsidiary of Xiamen Guo Mao Group Co., Ltd., a listed company. Established in 1996 with a registered capital of 530 million yuan. Its business scope includes commodity futures brokerage business, financial futures brokerage business, futures investment consulting business, asset management business and risk management business, and it belongs to state-owned enterprises.

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