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Added: Jul 19th, 2018
China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, established by the state in July 1998 on the basis of former China Petrochemical Corporation. Sinopec Group has a registered capital of 274.9 billion yuan with the board chairman of Sinopec Group serving as its legal representative. Sinopec Group exercises the investor's rights to the related state assets owned by its full subsidiaries, controlled companies and share-holding companies, including receiving returns on assets, making major decisions and appointing managers. The Group operates, manages and supervises state assets according to related laws, and houlders the corresponding responsibility of maintaining and increasing the value of state assets.
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