Shen Yin Global Futures is a state-owned enterprise. According to relevant public information, the actual controller of Shen Yin Wanguo Futures Co., Ltd. is the Shanghai State-owned Assets Supervision and Administration Commission, which is also one of the subsidiaries of Shen Yin Wanguo Group. State-owned enterprises refer to enterprises that are funded by the state or control the economic lifeline, while Shen Yin Global Futures is closely related to relevant state institutions in terms of actual control and ownership, so it can be classified as state-owned enterprises.