Sinopec Group is an enterprise that the State Council SAAC performs the investor's duties on behalf of SAAC, and is generally called the central enterprise. It is a state-owned legal person and economic entity directly funded by the state. China Petrochemical Co., Ltd. belongs to China Petrochemical Group.
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China Petrochemical Corporation (Sinopec for short) is a super-large petroleum and petrochemical enterprise group reorganized by the state on the basis of the former sinopec group in July 1998. It is a state-owned company wholly owned by the state, an institution authorized by the state to invest and a state holding company. The registered capital of the company is 23 16 billion yuan, the chairman of the board is the legal representative, and the headquarters is located in Beijing.
China's administrative levels are divided into five levels: national level, provincial and ministerial level, departmental level, county level and township level, and all levels are divided into deputies. The level of the central ministries and commissions is what we usually call "state, Ministry (province), department, department and branch". In addition to the national level, the other four levels are what we often call local three-level administrative divisions. The common stock level (share level) is a level between the deputy level and the clerk level. It is a conventional title and belongs to the local administrative level.
References:
Baidu Encyclopedia-Sinopec Group? Baidu Encyclopedia-Administrative Level