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533:, plastics, and agrochemicals. It operates through more than 100 subsidiaries in China and abroad in concerns ranging from petroleum trading to real estate. Formerly owned directly by the Chinese government, Sinochem converted to a joint-stock company in 2009; initially it is owned by newly formed Sinochem Group (98%) and publicly traded Chinese shipping giant
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566:
On Jan. 8, 1951, the preparation team for China
National Import & Export Co was set up. The staff of the company came from China National Import Corp and its subsidiaries in North China. On Feb. 13, entrusted by the Trade Ministry, China National Import & Export Co took on the responsibility
557:
On March 10, 1950, in an aim to unify domestic trade, fulfill the set target of the import & export volume, lead the domestic market, strike a balance between supply and demand, and boost the recovery and development of domestic production, the central government made a decision to set up a
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to oversee the import & export business of some Hong Kong institutions. When it was put into operation on March 1, the main task of the company was to tear down the blockade and trade embargo imposed by the West, and conduct trade with capitalist countries.
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Sinochem Group was founded in 1950. Its predecessor was China
National Chemicals Import and Export Corporation was China's largest trading firm. Sinochem Group is the key state-owned enterprise under the supervision of
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On Nov. 10, 2003, Sinochem changed its name from China
National Chemicals Import & Export Corporation to Sinochem Corporation with the approval of the State Assets Administration and Supervision Commission and the
653:
prohibiting any
American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included Sinochem.
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On Jan. 1, 1961, after restructuring of MOFTEC's affiliated administrative units and enterprises, China
National Import & Export Co was changed into China National Chemicals Import & Export Corp.
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On June 12, 1965, MOFTEC decided to standardize the names of foreign trade companies. On July 16, China
National Import & Export Co was changed into China National Import & Export Corp.
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national level foreign trade company under the leadership of the Trade
Ministry. The predecessor of Sinochem, China National Import Corporation, was formally established.
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Sinochem currently owns more than 300 subsidiaries inside and outside China. It controls several listed companies including
Sinochem International (
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916:"Qualifying Entities Prepared in Response to Section 1237 of the National Defense Authorization Act for Fiscal Year 1999 (PUBLIC LAW 105–261)"
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and financial service. It is one of
Chinese four state oil companies, China's biggest agricultural input company (fertilizer, seed and
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is involved throughout the chain from production of the product and procurement on international markets to distribution and retail.
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and has been on the list 25 times, ranking 139th in 2016. Sinochem's recent revenue in 2020 was 54.2 billion renminbi.
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444:). In June 2009, Sinochem Group established Sinochem Corporation as the vehicle for potential group IPO.
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537:(2%). The move was designed to signal Sinochem's transformation to a market-oriented company.
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886:"DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY19 NDAA"
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815:"China Corporate News: Sinopec Takes 30% of Galp Energia; Renren Posts $ 1m Loss for Q3"
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In
November 2011, the company announced that it expected to raise ¥35 billion in its
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953:"Trump bans Americans from investing in 31 companies with links to Chinese military"
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State-owned Assets Supervision and Administration Commission of the State Council
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for civilian and military purposes. Its majority owned fertilizer subsidiary
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856:"Trump administration says Sinochem and others backed by Chinese military"
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In August 2009, Sinochem bought the United Kingdom-based oil company
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Sinochem's core businesses include energy, agriculture, chemicals,
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Pamuk, Humeyra; Alper, Alexandra; Ali, Idrees (12 November 2020).
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986:"Trump bans U.S. investments in firms linked to Chinese military"
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named Sinochem as one of several companies backed by the
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China Petroleum Engineering and Construction Corporation
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China Huanqiu Contracting & Engineering Corporation
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China National Chemicals Import & Export Co., Ltd.
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Defence companies of the People's Republic of China
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62:. Unsourced material may be challenged and removed.
580:China National Chemicals Import & Export Corp.
821:. Archived from the original on 14 November 2011
394:(SASAC). Sinochem's headquarters is located in
595:State Administration for Industry and Commerce
447:Sinochem Group is China's earliest entrant in
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409:), China's leading chemical service company.
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18:Chinese chemical and fertilizer conglomerate
1576:Manufacturing companies established in 1950
493:. Unsourced material may be challenged and
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549:and its first multinational conglomerate.
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788:"Sinochem to buy UK-based Emerald Energy"
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513:Learn how and when to remove this message
122:Learn how and when to remove this message
1581:Technology companies established in 1950
1324:Shanxi Blue Flame Coalbed Methane Group
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545:Founded in 1950, it is China's largest
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1571:Chinese companies established in 1950
767:from the original on 10 February 2022
664:China Foreign Economy and Trade Trust
7:
1441:China Petroleum Pipeline Engineering
998:from the original on 28 October 2021
965:from the original on 28 October 2021
491:adding citations to reliable sources
60:adding citations to reliable sources
1536:Government-owned companies of China
932:from the original on 28 August 2020
896:from the original on 30 August 2020
866:from the original on 28 August 2020
639:United States Department of Defense
562:China Import & Export Co., Ltd.
728:from the original on 25 March 2017
619:, a port city in Fujian province.
14:
951:Chen, Shawna (12 November 2020).
794:from the original on 3 March 2016
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786:Maverick Chen (14 August 2009).
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47:needs additional citations for
854:Stone, Mike (28 August 2020).
813:Yin Guang (11 November 2011).
356:
1:
1480:Fushun Petrochemical Company
1312:China United Coalbed Methane
525:Sinochem deals primarily in
428:) and Franshion Properties (
1388:Great Wall Drilling Company
819:www.thechinaperspective.com
623:U.S. investment prohibition
359:) is a Chinese state-owned
176:; 74 years ago
1602:
1546:Trading companies of China
1318:PetroChina Coalbed Methane
1239:Shaanxi Yanchang Petroleum
923:U.S. Department of Defense
890:U.S. Department of Defense
629:US sanctions against China
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529:distribution, but also in
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839:: CS1 maint: unfit URL (
396:Xicheng District, Beijing
194:Xicheng District, Beijing
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643:People's Liberation Army
21:Not to be confused with
1551:Petrochemical companies
1382:China Oilfield Services
302:Sinochem Holdings
155:Headquarters in Beijing
1541:Oil companies of China
1486:Shanghai Petrochemical
553:China Import Co., Ltd.
633:Military-civil fusion
627:Further information:
267:-3.666 billion (2023)
718:"139 Sinochem Group"
645:. In November 2020,
637:In August 2020, the
487:improve this section
349:Sinochem Corporation
282:223.9 billion (2023)
247:143.2 billion (2023)
56:improve this article
1261:United Energy Group
455:Corporate structure
288:Number of employees
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1510:Companies of China
1409:Drilling equipment
1234:Geo-Jade Petroleum
1138:Oil and gas majors
925:. 28 August 2020.
892:. 28 August 2020.
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1029:China portal
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695:
658:Subsidiaries
647:Donald Trump
636:
613:oil refinery
606:
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485:Please help
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315:Subsidiaries
274:Total assets
211:Ning Gaoning
189:Headquarters
161:Company type
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112:October 2016
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54:Please help
49:verification
46:
15:
1416:Jereh Group
1294:Shell China
1275:Natural gas
1266:Zhenhua Oil
1002:12 November
969:12 November
771:10 February
403:real estate
376:exploration
165:State owned
1525:Categories
1468:Refineries
1333:Downstream
1222:(Upstream)
1188:PetroChina
1146:Downstream
798:17 October
732:27 October
692:"Sinochem"
671:References
649:issued an
503:April 2021
372:fertilizer
254:Net income
230:fertilizer
206:Key people
82:newspapers
71:"Sinochem"
1488:(Sinopec)
1475:ChemChina
1396:(Sinopec)
1345:ENN Group
1202:(Sinopec)
936:30 August
900:30 August
870:29 August
757:"History"
702:24 August
698:. Fortune
474:does not
368:chemicals
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