Sinopec Group, the largest shareholder of Sinopec Corp., is a giant petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. Funded by the State, it is a State authorized investment arm and State-owned controlling company.

Monday, April 4, 2011

Sinopec boss returns to political path

Beijing, April 4th, 2011 - Su Shulin is stepping down as chairman of Sinopec Corp and returning to politics, where many believe he belongs.

The 49-year-old, who headed the Organization Department of the Communist Party in Liaoning for two years until 2007, has been appointed deputy secretary-general of Fujian.

Known as the Tiger of the Northeast, Su is following in the footsteps of several senior leaders who assumed Fujian posts before climbing to the top.

Among them are Vice President Xi Jinping, who is tipped as President Hu Jintao's successor, and Jia Qinglin, the chairman of the National Committee of the Chinese People's Political Consultative Conference. - The Standard

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