The unveiling ceremony of Sinopec Capital was held in the Xiongan New Area.



On July 18th, the unveiling ceremony of Sinopec Capital was held in the Xiongan New Area.

Chen Gang, Director of the Xiongan New Area Administrative Committee, recently stated that green development, smart technologies, and innovation will become unique elements and highlights that the Xiongan New Area focuses on, while finance will be the pillar industry of the region in the future. The Party Leadership Group of Sinopec Group has shown its foresight in basing Sinopec Capital in Xiongan. The Xiongan New Area will assist Sinopec Group in exploring new business models and new financial modes, and expand cooperation with Sinopec Group in various fields.

Huang Wensheng, Vice President of Sinopec Corp. and Chairman of Sinopec Capital, said that the segment of capital and finance represents one main businesses of Sinopec Group. We must dedicate ourselves to Xiongan and strive to build Sinopec Capital into a model enterprise in the Xiongan New Area.

Wu Haijun, Deputy Director of the Xiongan New Area Administrative Committee, stated in his speech that he welcomes the entry of Sinopec Capital into Xiongan. The Xiongan New Area has a huge demand for finance and capital in the future, and new industries, such as new materials, life science and technology, and intelligent manufacturing, cannot develop without the support of finance. The Xiongan New Area will first try out the financial system, financial products, and financial models, and strive to become a global fintech innovation center. The Xiongan New Area will provide strong support for the relevant work of Sinopec Capital.


Information source: China Petrochemical News

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