Promoting a better life for the people
Bringing benefit to the people is the fundamental principle of governance. Working for the people's wellbeing is an essential part of the Party's commitment to serving the public good and exercising governance for the people. We must ensure and improve the people's wellbeing in the course of pursuing development and encourage everyone to work hard together to meet the people's aspirations for a better life. The most challenging and arduous tasks we face in building a modern socialist China in all respects remain in our rural areas. We will continue to put agricultural and rural development first, pursue integrated development of urban and rural areas, and facilitate the flows of production factors between them.
—Guiding principles of the 20th CPC National Congress
Acting on the people-centered development philosophy, we will fulfill our responsibilities to meet people's basic needs, provide a cushion for those most in need, and take more steps to deliver real benefits to the people to their satisfaction. We will make solid progress toward prosperity for all and promote social harmony and stability. By doing so, we will give our people a growing sense of fulfillment, happiness, and security.
—Report on the Work of the Government 2024
Paying taxes according to laws and maintaining a solid credit record
Taxes play a vital role in supporting economic development, improving people's wellbeing, and maintaining social stability. Sinopec strictly adheres to all applicable tax policies and regulations...
MORE>
Actively participating in public welfare and charity initiatives to promote social good
Sinopec upholds the guiding principles of the 20th National Congress of the CPC, responding to societal needs by focusing on people's wellbeing and establishing the core values of its "You're the Most ...
MORE>
Advancing rural revitalization to achieve common prosperity
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, Sinopec has thoroughly studied General Secretary Xi Jinping's key directives on agriculture, rural areas, and farmers...
MORE>
Prioritizing people's wellbeing and improving social welfare
Sinopec has actively engaged in various social initiatives, including disaster relief, support for major events, and assistance for farmers during peak agricultural seasons, while continuously improving its youth volunteer...
MORE>Key Topics
-
"The petrochemical industry is an important pillar of the national economy. I hope you will align with the Central Committee of the Communist Party of China's (CPC) vision for new industrialization, uphold the principles of green and intelligent development, work hard to achieve solid progress, and make new contributions to ensuring national energy security and advancing the high-quality development of the petrochemical industry".
-
In recent years, 60% of newly discovered global oil and gas reserves have been found in deep strata, indicating significant resource potential. China's deep and ultra-deep oil and gas reserves total 67.1 billion tonnes of oil equivalent, accounting for 34% of the country's total oil and gas resources. As a result, deep and ultra-deep formations have become the main battlefields for major oil and gas discoveries in China, making deep-earth drilling a strategic scientific and technological challenge that must be addressed. In response, Sinopec has ramped up its efforts in deep oil and gas exploration and development. By closely aligning the progress of the Shendi Engineering Project with the new energy security strategy of "Four Revolutions and One Cooperation" (energy consumption revolution, energy supply revolution, energy technology revolution, and energy system revolution, along with international cooperation), the Company has achieved major breakthroughs in deep oil and gas enrichment theory and deep earth technology. It has also established large-scale production capacity, solidifying its position as a leading force in China's deep oil and gas industry.
-
The refining and chemical industry is key to China's pursuit of carbon neutrality. Although the industry's energy consumption and raw material needs cannot be entirely met through electrification, green hydrogen—produced directly using renewable energy sources such as solar and wind power—serves as an alternative. With no greenhouse gases emitted during its production, green hydrogen is regarded as an important path for advancing green transformation within the sector. In accordance with its hydrogen-electricity integration strategy and green hydrogen initiatives for carbon reduction, Sinopec has been actively expanding wind and photovoltaic power generation by utilizing its refining and chemical bases. The Company has launched large-scale projects encompassing renewable energy generation, hydrogen production, storage, and utilization, aimed at promoting large-scale green development within the refining and chemical industry. Additionally, Sinopec has intensified its focus on green hydrogen applications in refining and chemicals, building new momentum to support its green development, ultimately achieving its carbon peaking and carbon neutrality goals.
-
In response to evolving automotive energy demands and changing market dynamics, the Company has actively explored new approaches to gas station development. Establishing integrated energy service stations has become a strategic, forward-looking, and transformative industry trend, the core of which is "integration", focused on creating a diversified product and service ecosystem centered around "people, cars, and lifestyle".
-
A country's strength lies in the strength of its youth, and a nation's future is promising only when its youth has a bright future. In recent years, the increasing prevalence of myopia among young people, with its early onset and severe impact, has raised serious concerns for their physical and mental health. General Secretary Xi Jinping has emphasized that " the entire society must take action to jointly protect children's vision and ensure they have a bright future".
-
2023 marks the 10th anniversary of General Secretary Xi Jinping's proposal to jointly build the BRI. Over the past decade, as the BRI develops, Sinopec has aligned with global trends and upheld the principles of "joint consultation, joint construction, and shared benefits" to deepen international energy cooperation, forging strong, multifaceted, in-depth partnerships with BRI-participating countries and establishing a long-term, sustainable, and people-centered cooperation model. These efforts have contributed to the high-quality development of the BRI, achieving new milestones. In October 2023, Sinopec released its first Sinopec Corporate Social Responsibility Report on the 10th Anniversary of Supporting the Belt and Road Initiative, showcasing its commitment to promoting sustainable development in participating countries over the past decade.
