Yes Official website of the State Administration for Industry and Commerce shows that Shangqiu Bonded Logistics Center is a state-owned company and the third state-level bonded logistics center in Henan Province. It was officially approved by the General Administration of Customs of the People's Republic of China, the Ministry of Finance, State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) and the State Administration of Foreign Exchange on 20 16 10.