No, according to the official information released by the Bank of Communications Schroeder Fund, the Bank of Communications Schroeder Fund is not a state-owned enterprise, but a Sino-foreign joint venture limited liability company and a private enterprise. State-owned enterprises refer to enterprises managed by the State-owned Assets Supervision and Administration Commission or local governments. Bank of Communications Schroeder Fund was established in 2005. Bank of Communications Schroeder is one of the first bank background fund companies in China, and also a leader among many Sino-foreign joint venture fund companies.