Is Shandong HSBC Petrochemical a State-owned Enterprise?

Shandong HSBC Petrochemical is not a state-owned enterprise. Shandong HSBC Petrochemical Group Co., Ltd. is a large-scale modern enterprise group integrating petroleum refining, fine chemicals, heating, retail terminals, logistics services and international trade, and is not a state-owned enterprise. Shandong HSBC Petrochemical Group Co., Ltd. was incorporated in Huantai County Administration for Industry and Commerce on May 1992. The legal representative is Wei Xuezhuan. The business scope of the company includes processing and selling gasoline, liquefied petroleum gas and sulfur (the validity of the above three items is subject to the license). On September 2, 2023, the All-China Federation of Industry and Commerce released the Top 50 Private Enterprises in China in 2023.