摘要
Mixed ownership in distribution sector In mid-February 2014,Sinopec,China’s top oil refiner,announced that it would bring in social and private capital to jointly market and sell its oil products,the first opening up of the largely monopolized area.Sinopec said in a statement that the board of directors had approved
Mixed ownership in distribution sector In mid-February 2014, Sinopec, China＇s top oil refiner, announced that it would bring in social and private capital to jointly market and sell its oil products, the first opening up of the largely monopolized area. Sinopec said in a statement that the board of directors had approved a proposal to restructure the company＇s distribution business and allow social and private capital to take no more than 30 percent of the shares. The specific capital ratio will hinge on market conditions, according to the statement.
