Central enterprises are a kind of state-owned enterprises. The so-called central enterprises are state-owned enterprises owned by the central government and a kind of state-owned enterprises, and the corresponding concept is local state-owned enterprises. Central enterprises belong to state-owned enterprises, but state-owned enterprises are not necessarily central enterprises. China Rongtong usually refers to China Rongtong Asset Management Group Co., Ltd., which is a large state-owned enterprise directly supervised by the State-owned Assets Supervision and Administration Commission of the State Council, and ranks 10 in the latest edition of the Directory of Central Enterprises.