New Chemical Materials Project Declaration Shocked

At present, new chemical materials are still one of the few industries in Sinopec that can not meet the domestic demand due to technical problems. Moreover, there is still a big gap between China's new chemical material industry and the international level: there is a disconnection between production, education and research in new product development and market services; the disconnection between upper, middle and lower reaches; the disconnection between product standards and application standards; the disconnection between cooperation between large and medium-sized enterprises; the disconnection between product development and market services; and the disconnection between real economy and financial services. Departments are disconnected.

In August 2018, China Chemical Newspaper and Beijing Xinban Capital Investment Holding Co., Ltd. jointly established a strategic emerging industry investment fund with a initial scale of not less than 3 billion yuan. Beijing Rongzhijia Asset Management Co., Ltd. was used as the private fund manager, and the size of each fund was confirmed according to the actual investment projects. The establishment of the fund will effectively alleviate the difficulty and high cost of financing in the real economy, provide financial services for the development of high-quality enterprises in new chemical industries, such as new chemical materials, and further promote the rapid and healthy development of enterprises. This is also the first industry investment fund established by the national media joint financial institutions, and initiate the media. The precedent of financial industry serving the real economy also opens up a new model for the organic integration of industrial capital and financial capital. Cui Xuejun, president of China Chemical Newspaper, pointed out that the real economy of financial services has become the main tone of national financial policy, and the "industry + finance" model can promote the organic integration of industrial capital and financial capital. Petroleum and chemical industries have a huge demand for financial capital, but many enterprises lack the knowledge and practical experience of industrial finance. Under the current situation of transformation, upgrading, relocation and transformation, and stringent environmental protection, it is urgent for the whole industry to allocate sufficient funds for high-quality development. To this end, China Chemical Newspaper Co., Ltd. joined hands with Beijing Xinban Capital Investment Holding Co., Ltd. to set up a strategic emerging industry investment fund for chemical industry projects, especially for the development of strategic emerging industry projects. In the future, newspapers will gather momentum, cohesion and aggregation to form momentum, cohesion and cooperation in the industry, and build a solid bridge between production and integration.

Strategic Emerging Industries Development Fund of Chemical Industry invests in companies with expected IPO or listing of new third board, and enterprises with high-quality project targets that can be acquired by listed companies. Priority should be given to those enterprises which are in the leading position in the subdivision industry, such as new chemical materials, or other enterprises with high-tech and high growth characteristics. Now we are collecting "New Chemical Materials Industry Project" for the whole industry.