China Sinochem Group Co., Ltd. (hereinafter referred to as Sinochem Group or Sinochem) is a large state-owned backbone central enterprise, which was established in March 1950 and formerly known as China Chemical Import and Export Corporation. It was once the largest foreign trade enterprise in China and an important state-owned backbone enterprise supervised by the State Council SASAC, with its headquarters in Beijing.
Sinochem's vision is to build itself into a respected and great company with a global position. More than 50,000 Sinochem people around the world will continue to uphold the core concept of "creating value and pursuing Excellence", strive to abide by the social responsibility of corporate citizens, devote themselves to scientific development, harmonious development and green development, strive to build an evergreen foundation, and continue to create benefits for stakeholders and the public.
The definition of central enterprises:
Central enterprises, referred to as "centrally managed enterprises" for short, refer to wholly state-owned or state-controlled enterprises directly managed by the Central People's Government (the State Council) or entrusted by the state-owned assets supervision and administration institutions to exercise the responsibilities of investors, and their leading institutions are entrusted by the Central Organization Department, the State-owned Assets Supervision and Administration Commission of the State Council or other central ministries (associations).
According to the authority of state-owned assets management, state-owned enterprises are divided into central enterprises (state-owned enterprises supervised and managed by the central government) and local enterprises (state-owned enterprises supervised and managed by local governments). Central enterprises occupy a dominant position in major industries and key areas related to national security and the lifeline of the national economy, and are an important pillar of the national economy.