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 the Beijing Office of the National Financial Regulatory Administration, and also regulated by the People's Bank of China, State Administration of Foreign Exchange, China Securities Regulatory Commission and other relevant government agencies...