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Is Huafa Group a state-owned enterprise?

According to the information of official website of the State Administration for Industry and Commerce, Huafa Group's capital is all invested by the state and owned by state-owned enterprises. It is an organization established according to law to engage in production and business activities and belongs to state-owned enterprises. Huafa Group is a comprehensive financial investment group, whose business covers banks, securities, insurance, funds, trusts and other fields. As a state-owned enterprise, Huafa Group plays an important role in the national economic development, and bears the responsibility of contributing not only to the national economic development, but also to the national financial stability and security. Huafa Group was established in 198, the same age as Zhuhai Special Economic Zone, and is the largest comprehensive state-owned enterprise group in Zhuhai and well-known in the country.