No, Sinopharm Group is a central enterprise, its industry is leasing and business services, and its region is Beijing. Its business scope covers the wholesale of Chinese patent medicines, Chinese herbal pieces, Chinese herbal medicines, chemical raw materials, chemical pharmaceutical preparations, antibiotics, biochemical drugs and biopharmaceuticals. Central enterprises, referred to as centrally managed enterprises for short, refer to the State Council, the central people's government or the state-owned assets supervision and administration institution entrusted to exercise the responsibilities of investors, and the leading group is directly managed by the central government or entrusted by the Central Organization Department, the State-owned Assets Supervision and Administration Commission of the State Council or other central governments.