Sinovac is not a state-owned enterprise.

It is reported that Sinovac is a biotech enterprise jointly established by Sinovac Holdings (Hong Kong) Co., Ltd. and Beijing Peking University Weiming Bioengineering Group Co., Ltd. The company was registered and established in 2001 in Peking University Biocity, Zhongguancun High-Tech Park, Beijing. The chairman, president and CEO of Sinovac is Yin Weidong. The resume shows that Yin Weidong was born in Tangshan, Hebei in 1964. In 1982, graduated from Tangshan Health School. EMBA master's degree from the National University of Singapore, senior biomedical engineer (professor level). Beijing Sinovac Zhongwei Biotechnology Co., Ltd. is a biological high-tech enterprise wholly owned by Sinovac Holdings (Hong Kong) Co., Ltd. It was registered in 2009 with a registered capital of US$9.6 million. China Beijing Sinovac Zhongwei Biotechnology Co., Ltd. is not a state-owned enterprise, it is a limited liability company. The legal representative, Yin Weidong, has been awarded the honorary title of the National Advanced Collective in the Fight against the New Coronavirus Epidemic by the Central Committee of the Communist Party of China, the State Council, and the Central Military Commission.