No

In different countries, different systems and different historical periods, there are great differences in the definition of state-owned enterprises in the world. To define China's state-owned enterprises according to control rights and business objectives, that is, enterprises over which the government can exercise effective direct or indirect control rights (to legally exercise control rights, it is first manifested in ownership) and which have commercial or non-commercial objectives can be defined as state-owned enterprises, including state-controlled joint-stock enterprises. It is commonly referred to as state-owned enterprises, that is, state-owned enterprises.

State-owned enterprises have the basic characteristics of enterprises: (1) they are engaged in production and business activities; (2) It is an organization composed of most people; (3) It is established according to law, and its certain rights and obligations are confirmed by law. State-owned enterprise is a special enterprise, its capital is wholly or mainly invested by the state, and all its capital or major shares are owned by the state. This is different from other enterprises that are wholly or mainly invested by civil society (organizations and individuals).