In September 2014, China Petroleum andChemical Industry Federation (CPCIF) announced the TOP 100 Private Enterprises atthe Conference and the Seminar of the international development for the privateenterprises. 

The President of CPCIF Mr. Li Yongwu saidat the Seminar that these finalist enterprises have outstanding advantage onscale and intensity. The Private enterprises have already made up 50% of the Petroleumand Chemical Industry, whether on scale, economic aggregate, revenue or tax. Theyhave made outstanding contributions and played a more and more important rolein the industry.

Through the extension of its industry chainand innovation, Hongbaoli formed its specific strategy, clear managementthinking and high market integration development mode.

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