Sinochem Corporation and Sinochem Finance Co., Ltd. hold a 96.22% stake and a 3.78% stake in China Foreign Economy and Trade Trust Co., Ltd. respectively.
Sinochem Corporation was established by Sinochem Group Co., Ltd. (Sinochem Group) in June 2009 through overall restructuring.
Headquartered in Beijing, China, Sinochem Group Co., Ltd. (Sinochem Group for short) was founded in 1950. Its predecessor was the China National Chemicals Import and Export Corporation. Sinochem Group is a key state-owned enterprise under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC).
Sinochem Group is one of China’s four largest state oil companies, China’s leading chemical service provider, China’s biggest agricultural inputs (fertilizer, seed and agrochemicals) company and an integrated modern agricultural service operator. Sinochem Group also exerts strong influence in city operation and the non-banking financial service sector. As a market-oriented global conglomerate, Sinochem Group’s quality products and services are relevant to many aspects of the mass economy and people’s well-being. The SINOCHEM and “中化” brands are highly prestigious in China and throughout the rest of the world.
Sinochem Group has established five Strategic Business Units (SBU): energy, chemicals, agriculture, real estate and finance. It operates more than 300 subsidiaries around the world, and holds a controlling stake in a number of listed companies, including Sinochem International (SH, 600500), Sinofert (HK, 00297) and China Jinmao (HK, 00817). Sinochem Group has over 50,000 staff members around the world.
Sinochem Group was among the first Chinese enterprises to make the Fortune Global 500 list and has had 28 appearances in total, ranking 98th in 2018 and having been honored as one of Fortune’s World’s Most Admired Companies for two consecutive years. Continuous efforts over the years in strategic transformation and management overhaul have enabled Sinochem Group to maintain sustainable, healthy and rapid development. Sinochem Group has been rated A in corporate performance by SASAC for 13 years.
Looking into the future, Sinochem Group will uphold the philosophy of “In Science We Trust” and strive to be fully transformed into an innovative platform company driven by science and technology in 5 to 10 years, making contributions to implementing innovation-driven development strategy and building an innovative country. We aim to be a respectable world-class company and lead the industry, create maximum value for clients, shareholders and employees, and promote the sustainable development of our society.
Founded in June 2008, Sinochem Finance Co., Ltd. (Sinochem Finance) is a subsidiary of Sinochem Group. Since its founding, Sinochem Finance has upheld the concept of "relying on and serving the group, standardizing operations and innovating constantly", focused on extending its business scope, developed new business varieties, kept enriching its service connotation, gradually improved its capacity for financial R&D and innovation, and created a strategic pattern featuring the coordinated development of four core business sectors: global capital pool, financing service, assets management and financial agency. The company is playing an increasingly important role in serving and supporting the industrial development and strategic transformation of Sinochem Group.