It is a state-owned enterprise. Beijing Zhengguang Zhongli is a state-owned enterprise and belongs to the nature of a unit owned by the whole people. It refers to a wholly state-owned enterprise in which the State Council and the local people's government perform the investor's duties on behalf of the country respectively. Zheng Guangzhong was established on 20171016, which was jointly funded by Everbright Securities Co., Ltd. and Zhongli (Tianjin) Production City Integration Development Fund Management Co., Ltd.