Shandong Expressway Co., Ltd. was established in June 2002 165438+ 10/6 by Shandong Expressway Group Co., Ltd. and Huajian Transportation Economic Development Center, and listed on Shanghai Stock Exchange on March 2002 18. The Group is a wholly state-owned large-scale enterprise group, which is managed by the leading group of the provincial party committee and the provincial SASAC. The main business covers the investment, construction, operation and management of transportation infrastructure and intelligent transportation, the comprehensive development of supporting land, logistics and related supporting services, the investment and management of financial assets, and is mainly engaged in the investment and operation of transportation infrastructure and equity investment in upstream and downstream related industries of expressway industrial chain.

State-owned enterprises are state-owned enterprises, and central enterprises refer to state-owned enterprises owned by the central government, which is a kind of state-owned enterprises, that is, state-owned enterprises are not necessarily state-owned enterprises, and central enterprises must belong to state-owned enterprises. State-owned enterprises are funded by state property, and all their assets belong to the state, but their management rights belong to enterprises, that is, enterprises have independent legal personality, can independently carry out business activities, be responsible for their own profits and losses, and independently bear civil liabilities. This is a new attempt of enterprise reform under the principle of separation of state ownership and management rights.