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Cross-border is the only way for oil companies to jump out of their traditional oil company positioning.
Cross-border is the only way for oil companies to jump out of their traditional oil company positioning.
According to news, recently, the registration of the fund initiated by Sinopec Group Capital Co.
With the establishment of this fund, another new business of Sinopec is gradually expanding.
1.
The establishment of funds by oil companies is still new in the industry.
Message is displayed, 9 Yue 8 , by the China Petrochemical Group Capital Limited (hereinafter referred to as " Sinopec Capital " initiated) grace Fund has recently completed business registration.
At present, under the promotion of Sinopec Capital, the fund has established a total of 3 investors, namely the National Manufacturing Transformation and Upgrading Fund, Tianjin Haihe Industrial Fund and Foshan Nanhai Financial High-tech Zone Investment Holdings Co.
As for the future investment direction, Enze Fund stated that it will focus on Sinopec’s main business and deploy strategic emerging industries such as new materials, new energy, energy saving and environmental protection, high-end intelligent manufacturing, artificial intelligence and big data through financial investment.
In fact, this is very consistent with the development pattern of Sinopec.
The investment layout of Enze Fund is looking for new development vitality for Sinopec and supporting the transformation and development of the company.
In fact, at the beginning of the establishment of Sinopec Capital, it has stated that it will establish funds with obvious market-oriented characteristics.
It can be said that the issuance of Enze Fund is just the beginning.
In addition to providing new support for enterprises, Sinopec's establishment of the fund this time has a more important significance.
2.
Behind Sinopec's " cross-border " play fund is its choice of financial business development.
At the end of last year, Sinopec announced business adjustments.
The original five business divisions were adjusted to four business sectors.
Capital finance and support were among them, supporting the three sectors of oil and gas new energy, refining sales, and chemical materials.
In fact, in recent years, Sinopec Corp.
has attached great importance to the development of capital and financial services.
In 2018 , it invested tens of billions to establish Sinopec Group Capital Co.
, Ltd.
as a platform for investment in emerging industries and fund business.
has attached great importance to the development of capital and financial services.
In 2018 , it invested tens of billions to establish Sinopec Group Capital Co.
, Ltd.
as a platform for investment in emerging industries and fund business.
In the past two years, Sinopec Capital has made frequent moves in the fields of new energy, new materials, and intelligent manufacturing, and has become an expert in hunting high-quality assets.
Just in August this year, Sinopec Capital Corporation invested in the photovoltaic industry and invested in Fengyang Silicon Valley Intelligent Co.
, Ltd.
to increase its new energy business.
, Ltd.
to increase its new energy business.
Prior to June , Sinopec Capital announced that it had invested in Boao Jingdian Biotechnology Co.
, Ltd.
, which is a leader in the biochip industry.
Sinopec capital investment at this time, contribute to its resistance to rapid nucleic acid detection " plague " take advantage of new technologies and new products.
, Ltd.
, which is a leader in the biochip industry.
Sinopec capital investment at this time, contribute to its resistance to rapid nucleic acid detection " plague " take advantage of new technologies and new products.
Last year, Sinopec Capital also invested in special chemical company Ruifeng New Materials, reached cooperation with Shanghai Remodeling Energy in hydrogen energy, and reached cooperation with Supcon Group in the field of smart factories, and more blossoms and exploration of new Business form.
Today, Sinopec is no longer just satisfied with the oil industry, but by establishing a specialized platform to knock on the door of the capital market.
Coincidentally, PetroChina, the other side of the " two barrels of oil " , also has a similar layout.
In 2017 , the reorganized CNPC Capital was officially established and became a capital operation platform under PetroChina.
Deploy new technologies, new materials, and new industries through measures such as issuing bonds and investing in shares.
Deploy new technologies, new materials, and new industries through measures such as issuing bonds and investing in shares.
In the first half of this year, PetroChina Capital made a profit of 4.
31 billion yuan, which was particularly impressive under the " magnifying glass " of low oil prices .
31 billion yuan, which was particularly impressive under the " magnifying glass " of low oil prices .
In fact, in recent years, state-owned enterprises such as Sinopec and PetroChina have been solving the problem of " big ship is not easy to turn around " , and the practice of " two barrels of oil " in the field of financial capital will become a sample of more corporate changes.