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What is the relationship between Sinopec Corp. and Sinopec Group?

April 26, 2017Corp group relationship sinopec

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What is the relationship between Sinopec Corp. and Sinopec Group?

1 Answer

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10 Posted

Sinopec Group, the sole sponsor of Sinopec Corp, is a super-large petroleum and petrochemical enterprise group the government set up on the basis of the former China Petrochemical Corporation (former Sinopec) in July 1988. Sinopec Group is 100% owned by the state, is a state-authorized investment institution and state holding company.