Cinda Real Estate is a state-owned enterprise, but it is not a wholly state-owned enterprise. Cinda Real Estate is a state-owned joint-stock enterprise controlled by the state. The controlling shareholder is Cinda Investment Co., Ltd., with a shareholding ratio of over 50%, which is absolute. Cinda Investment Co., Ltd. is a holding subsidiary of Cinda Asset Management Co., Ltd., which is a central financial enterprise approved by the State Council and one of the 24 central financial enterprises announced by the Ministry of Finance. Cinda Real Estate takes real estate development as its core, supported by commercial property management, real estate finance business, property services and real estate professional services, and insists on the coordinated development and benign interaction between the main real estate business and capital operation.