Not a state-owned enterprise. According to Ai Qicha, Guangfa Securities Co., Ltd. was established in 1994, and the registration authority is Guangdong Provincial Market Supervision Administration, mainly engaged in securities brokerage business; Securities investment consulting; Securities trading, etc. And as of June 5438+0, 2024, Hong Kong Securities Clearing (Agency) Co., Ltd. held 22%, and Liaoning Chengda Co., Ltd. held 16%. Therefore, GF Securities is not a state-owned enterprise.