Is CIC Xinlian (Shenzhen) Asset Management Co., Ltd. a state-owned enterprise? CIC Xinlian (Shenzhen) Asset Management Co., Ltd. was established on March 29th, 2006. Its business projects are entrusted asset management and investment management (restricted projects such as trust, financial asset management and securities asset management are not allowed). It is a sole proprietorship enterprise, not a state-owned enterprise.