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Is China Resources Shandong Pharmaceutical a formal employee of state-owned enterprises?

China Resources Shandong Pharmaceutical Co., Ltd. is a formal employee of state-owned enterprises.

China Resources Shandong Pharmaceutical Co., Ltd. is a state-controlled comprehensive pharmaceutical business entity, belonging to China Resources series enterprises. As a wholly-owned subsidiary of China Resources Pharmaceutical Commercial Group, it plays the role of "provincial platform company" in Shandong Province. It means that it has certain public functions in administrative management and resource allocation, and is supervised and guided by the government.