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Is glory a state-owned enterprise or a private enterprise?
Glory is a state-owned enterprise.

According to the enterprise survey data, 98.6 shares of Shenzhen Zhixin New Information Technology Co., Ltd., the acquirer of Glory, are held by Shenzhen Smart City Technology Development Group, which is wholly owned by Shenzhen State-owned Assets Supervision and Administration Commission, and the remaining 1.4 shares are held by Shenzhen State-owned Cooperative Development Private Equity Fund.

In other words, the new glory has become a state-owned enterprise, and HONOR is a state-owned mobile phone brand that reappears after ZTE. In this regard, netizens have been enthusiastic from the media, and some even cheered. China's glory is well deserved.

Formal social gathering

Many people think that the proportion of public ownership economy is not much because they only pay attention to the behemoths directly controlled by the central or provincial SASAC. Although these enterprises are called enterprises, in essence, I prefer to call them "private economic departments that undertake basic social services and infrastructure construction", which can give consideration to economic benefits, but social benefits still rank first.

It will undertake the specific economic and social functions of some ministries and commissions, and improve the construction of party organizations within the group. Decision-making departments are party committees at all levels, and cadres at all levels can be transferred to political party departments corresponding to the civil service level. The smooth development of glory can not only enhance the country's economic strength and promote industrial upgrading, but also break the stereotype of inefficient state-owned economy, rigid management and political orientation, and better develop and enrich the state-owned economy and its basic economic system.