Jin Hongye Paper Rudong is not a state-owned enterprise, but a foreign-funded enterprise. Jin Hongye Paper (Nantong) Co., Ltd. is the largest overseas Chinese-funded enterprise invested by Guangzhou Gold Group (APP) in Nantong. Is a large-scale high-grade household paper company dedicated to building a world-class green recycling industry through the integration of forestry, pulp and paper, and owns five brands, namely Qingfeng, Boglia, Weijieya, Zhen Zhen and Yili.

Foreign-funded enterprises are three types of foreign-invested enterprises established in China: Sino-foreign joint ventures, Sino-foreign cooperative enterprises and wholly foreign-owned enterprises. A foreign-invested enterprise refers to an economic entity that is approved by the relevant departments of China, abides by the relevant laws and regulations of China, engages in certain business activities, and is jointly or independently operated by one or more foreign investors and China investors, with independent accounting and self-financing.