In May 2009, MOU was signed between Shenzhen Government and Sinochem Group.
As one of the key state-owned enterprises under the supervision of SASAC (State-owned Assets Supervision and Administration Commission of the State Council), Sinochem Group has been named to "Fortune Global 500" for 20 times, ranking the 203th in 2010.
Incorporated in 1950, Sinochem Group is committed to making value for the nation and greater society. By actively exploring corporate development rule, Sinochem has remodeled itself into an innovative enterprise with strong competitive edge and rapidly built up its overall strength and industrial puissance.
Sinochem has five business segments including agricultural, energy, chemical, real estate and finance. It is China's biggest integrated agricultural company with fertilizer, pesticide and seed product. It is china's fourth largest oil company and leading chemical service provider. It also enjoys strong influence in China's high-end commercial real estate market and non-banking financial market.
Sinochem has more than 200 branches and subsidiaries both in China and abroad, among which, there are three listed companies, namely Sinochem International, SinoFert, Franshion Properties. In June 1st, 2009, Sinochem made a major move to inject most of its assets into a shareholding entity "Sinochem Corporation". More than 30,000 employees emulate Sinochem's spirit of exploration and innovation, adopt the mindset of "Creating Value, Pursuing Excellence" and try their utmost to enhance the corporate value and to build a iconic company worldwide.