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Sinopec Finance Co., Ltd. (hereinafter referred to as “SFC”) was founded as a non-bank financial institution, with the approval of the People's Bank of China, by the former China Petrochemical Corporation on July 8, 1988, for the purpose of group wise cash management centralization and efficiency. SFC’s business is mainly supervised by China Banking and Insurance Regulatory Commission, and also regulated by the People's Bank of China, State Administration of Foreign Exchange, China Securities Regulatory Commission and other relevant government agencies. It is a member of China Foreign Exchange Trade System (CFETS), National Interbank Market, China Central Depository & Clearing Co., Ltd. (CCDC), Shanghai Clearing House, National Association of Financial Market Institutional Investors, Shanghai Commercial Paper Exchange Corporation LTD., and it is a qualified investor among the first-batch of IPO pricing inquiring system by China Securities Regulatory Commission (CSRC).
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