China National Chemical Corporation (hereinafter referred to as China Chemical Corporation, hereinafter referred to as CHEMCHINA) is a large-scale state-owned enterprise newly established by China National Chemical Corporation with the approval of the State Council, on the basis of the reorganization of China Bluestar Group Company (hereinafter referred to as Bluestar Group Company) and China Haohua Chemical Group Company (hereinafter referred to as Haohua Company) directly under the former Ministry of Chemical Industry. It was officially put into operation on May 9, 2004 and managed by the State-owned Assets Supervision and Administration Commission of the State Council. China National Chemical Corporation is headquartered in Beijing. The development orientation of China Chemical Industry is "old chemical industry, new materials", that is, inheriting the legacy of several generations of chemical workers, developing new chemical materials, basic chemical raw materials and agricultural chemicals in the process of restructuring and transformation of state-owned chemical enterprises, and extending them upstream and downstream appropriately. China Chemical Industry invests, holds shares, manages and operates according to the authorization of the state. The business scope covers six sectors: new chemical materials and special chemicals, petroleum processing and chemical raw materials, agricultural chemicals, chlor-alkali chemicals, rubber and rubber-plastic machinery, scientific research and development and design. It has formed a relatively complete chemical industry pattern integrating scientific research and development, engineering design, production and operation, and domestic and foreign trade, and is the chemical enterprise group with the highest comprehensive strength in China. China Chemical has nine professional companies, namely: China Bluestar (Group) Corporation, China Haohua Chemical (Group) Corporation, China Chemical Agrochemical Corporation, China Chemical Equipment Corporation, China Chemical New Materials Corporation, China Chemical Oil and Gas Corporation, China Chemical International Holding Company, China Blue Construction Engineering Bureau and China Chemical Information Center. There are 1 18 production and operation enterprises and 24 research and design institutes in China. It holds more than 0/0 A-share listed companies such as Blue Star Cleaning, Star New Materials, Shenhua, Shalongda, Hechi Chemical, Cangzhou Dahua, Zhongtai Chemical, Heihua, Tianke, Fengshen and Huanghai. It owns four overseas companies, including French Adisseo company, French bluestar silicone company and Australian Qenos company. China Chemical has set up production and R&D bases in 140 countries and regions, and established a perfect marketing network system, with import and export trade and economic and technical cooperation business all over the world. The group company has the right to import and export foreign trade, the franchise of special chemicals and the right to examine and approve foreign affairs. After three years of development, China Chemical has become a large enterprise group with total assets and sales income exceeding 654.38 billion yuan, ranking 35th among the top 500 enterprises (groups) in China released by the National Bureau of Statistics.