Sinochem Lianyungang Ruiheng is not a state-owned enterprise, but a private enterprise. Founded in May 20 17 with a registered capital of 10 billion yuan, the company is an important platform for industrial agglomeration, optimization and upgrading and high-quality development of the Chemical Division of Sinochem Group. The company's main business scope includes the management of state-owned assets within the scope authorized by the government, state-owned assets in the holding and shareholding subsidiaries of the group company and other state-owned assets authorized by the government.