I see that you got yourself a tree to work with, and a pretty nice one at that. I also agree that it is a Chinese Elm.
Does it look like it is supposed to?
No, you have acquired a blank canvas now it is up to you to refine it. As I mentioned in your previous thread purchasing a more mature tree allows you to begin doing bonsai in a much shorter time frame.
Your tree has girth, taper and movement, excellent choice. I can't see the apex but I'm sure you can work with this material. One downside to this planting is the in-curve of that pot. I suspect that you will have a devil of a time extracting it, you may even end up breaking the pot. I suggest you have another pot on hand when you re-pot next spring or whenever.
With this tree you can prune it down to a bare stump and it will recover nicely. This will allow you to regrow all the branches, if you need to. I'm not saying that you should or need to but that you can be aggressive with the pruning of this species. Look [url=https://www.helpfulgardener.com/forum/viewtopic.php?t=3544]here[/url] to see what I have done with mine. Not that it is a fine tree by any means but it shows what can be done.
For the remainder of this season concentrate on learning to manage it properly and ensuring it's health and vigor. Begin a fertilization program and don't prune it until you have a plan. Unrestricted growth fuels the tree and there is no point pruning blindly.
If by chance you are going to prune it severely next spring it will need all of it's reserves to recover. If on the other hand you see a path now some selective pruning will start you on your way. Good luck and let us know how it goes.