No, according to the profile of Qicha Guangjin Enterprise Management (Shanghai) Co., Ltd., Shanghai Guangjin Group is not a state-owned enterprise, but one of the top 500 in the world. It was once rated as the largest consortium in Indonesia by Forbes, a world-renowned financial magazine. Founded in 1962 by Oei Ek Tjhong, a famous Indonesian entrepreneur and patriotic overseas Chinese. It has 200,000 employees in the world, and its investment scope is as far away as Asia, North America, Europe and Australia, with an annual income of over 40%. With assets exceeding $30 billion, it is one of the largest multinational companies with palm tree plantations in the world, and also a leading giant in the scientific integration of high-end industrial chains in the industry. The planting area of oil palm in Indonesia exceeds 460,000 hectares, which is equivalent to the land area of six Singapore. Now it has developed into six core industries: food and agricultural resources industrial chain, pulp and paper, real estate, finance, telecommunications and the development of environmental protection and renewable energy. Guangjin Group began to invest in China in the early 1990s.