Southern fund is not a state-owned enterprise. Southern fund is a fund management company in China. Its full name is southern fund Management Co., Ltd. It was established in 1998 with the approval of China Securities Regulatory Commission. The main shareholders of southern fund are Huatai Securities Co., Ltd., Shenzhen Investment Holding Co., Ltd. and Xiamen International Trust Co., Ltd. These shareholders are mainly domestic investment institutions and financial institutions, and have no direct background in state-owned enterprises.

Although southern fund is not a state-owned enterprise, it plays an important role in China's financial market, providing investors with a variety of investment products and services, including Public Offering of Fund, private equity funds and pension management. Southern fund abides by the laws and regulations of China, is supervised by the China Securities Regulatory Commission, and is committed to creating long-term and stable investment returns for investors.