Yes According to enterprise inquiries, Shanghai Lingang New Area Investment Holding (Group) Co., Ltd. was established in February 2004, and Shanghai Lingang Investment Holding Group is the official department level. It is a state-owned development and construction platform under the management committee of Lingang New Area in China (Shanghai) Pilot Free Trade Zone. The management section of Lingang Investment Control Group covers six major sections: urban construction, housing security, financial services, investment promotion services, culture and technology, and public transportation.