Sinopec

China Petroleum & Chemical Corporation, or Sinopec Ltd, is a Beijing-based oil and gas company which is listed in Hong Kong, Shanghai and New York (NYSE: SNP). It is one of the world’s biggest companies by revenue. Sinopec Ltd’s parent, Sinopec Group is one of China’s biggest petroleum groups.

ANALYSIS

China oil demand down 12pc in 4 months? No way

18 May 2013

The decline in China's implied oil use in April to an eight-month low, coupled with flat crude imports, gives the impression of weak demand. But the numbers are not telling the whole story.

3:14AM

Sinopec spin-off touts edge through efficiency push

10 May 2013

Sinopec Engineering, a China Petrochemical spin-off, said its listing will boost its overall efficiency and profitability through its ongoing consolidation of eight subsidiaries. The company,...

5:40AM

Sinopec Engineering's Hong Kong IPO to aid overseas growth

9 May 2013

The listing of Sinopec Engineering, a construction unit of China's largest oil refiner, China Petrochemical (Sinopec Group), will allow investors to gain exposure to the high-growth but risky...

5:15AM

Two large state firms to test Hong Kong IPO market

6 May 2013

Two big state-owned enterprises launched their long-awaited initial public offerings to raise up to US$3.81 billion in Hong Kong yesterday, taking advantage of improving sentiment.

4:16AM

Hong Kong IPO market heats up with Sinopec unit, Galaxy Securities deals

5 May 2013

A unit of Sinopec and brokerage China Galaxy Securities are launching Hong Kong initial public offerings on Monday seeking to raise up to HK$27 billion in total, injecting life into Asia’s...

4:38PM

Sinopec unit raises HK$2.7b to boost overseas operations

3 May 2013

The fund-raising exercise will see Sinopec Kantons' state-backed parent China Petroleum & Chemical (Sinopec) sell 412.5 million existing shares and subscribe to the same number of new shares,...

4:54AM

Opinion

Michael Cox

The last straw for Terry Wong?

2:53PM

Alex Lo

We need a sober view of sexual violence

3 comments

4:10AM

Hospital Authority chief faces professional hearing

At long last the Hong Kong Institute of Certified Public Accountants has set a date for a substantive hearing into complaints about the professional conduct of Hospital Authority chairman Anthony...

5:07AM

6 comments

Refining fuels rise in Sinopec earnings

PetroChina, the nation's largest oil and gas producer, and rival China Petroleum & Chemical (Sinopec) posted divergent first-quarter results, as better state pricing on refined fuel and weaker...

4:43AM

Sinopec bond issue taps market for US$3.5b

Sinopec, which was also the world's second-largest crude oil refiner by throughput last year, said in a statement to the Hong Kong stock exchange yesterday that the proceeds would be used to fund...

5:35AM

Agency cuts ratings on power, resources firms

Fitch Ratings has downgraded its local-currency credit rating on two state-backed power generators and three resources firms, a day after the rating agency's downgrade of a Chinese sovereign...

5:07AM

EARNINGS

Sinopec sticks to overseas buying strategy

China Petroleum & Chemical (Sinopec) will continue to buy its parent's overseas assets to boost earnings after domestic fuel price controls stymied its profitability.

5:18AM

Talking points

The Court of Final Appeal will deliver judgment on the controversial right-of-abode dispute involving domestic helpers and children born to mainlanders in Hong Kong.

2:37AM