Beijing Tongrentang is a state-owned enterprise.

The Tongrentang brand was founded in 1669 (the eighth year of Emperor Kangxi’s reign in the Qing Dynasty). Since 1723 (the first year of the Yongzheng reign of the Qing Dynasty), it has provided royal medicine to the Qing palace, and it has lasted for 188 years through eight generations of emperors.

The founding of the People's Republic of China in 1949 brought a new lease of life to Tongrentang, which had experienced many vicissitudes of life. In 1992, China Beijing Tongrentang Group Corporation was established and restructured into a wholly state-owned company in 2001. The modern enterprise system was gradually established and improved in Tongrentang Group.

In 1997, its Tong Ren Tang shares were listed on the Shanghai Stock Exchange. In 2000, Tong Ren Tang Technology was listed on the Hong Kong Stock Exchange. In 2013, Tong Ren Tang Chinese Medicine was listed on the Hong Kong Stock Exchange. The overall strength of Tong Ren Tang Group has reached a new level.

With the establishment of a production base in Hong Kong by Tongrentang Sinopharm Group, it has achieved a leap from "Tongrentang in Beijing" and "Tongrentang in China" to "Tongrentang in the world". It is currently sold in 28 countries and regions on five continents. The establishment of business service terminals in regions has accelerated the pace of internationalization of traditional Chinese medicine.

Definition of state-owned enterprises:

State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies in which the State Council and local people's governments respectively perform investor responsibilities on behalf of the country, including Enterprises supervised by central and local state-owned assets supervision and administration agencies and other departments at the same level and enterprises formed by investment at different levels.

As a form of production and operation organization, state-owned enterprises have both commercial and public welfare characteristics. Their commercial nature is reflected in the pursuit of value preservation and appreciation of state-owned assets, and their public welfare nature is reflected in the usual establishment of state-owned enterprises. It is to achieve the country's goal of regulating the economy and play a role in coordinating the development of all aspects of the national economy.