Sinopec Forbes
The few independent oil refineries that still operate in China, where state-owned enterprises like Sinopec reign supreme, are now squirming under strict taxation that should benefit state-owned
For China’s private petroleum companies, 2025 has been a watershed year in terms of overseas merger and acquisitions (M&As). >> BUSINESS Chinese private oil
China's Private Oil Companies Struggle Against SOEs
/ Oil & Energy / Oil & Companies News / China’s Private Oil Companies Struggle Against SOEs With New Tax Policy From Beijing.
About 43% of the next 100 Best Under A Billion companies are from mainland China, but such growth companies are also emerging from Asia’s smaller economies such as Vietnam, Indonesia and
Private players feeling squeezed out by Beijing’s
In the cement sector, plans to expand the combined market share of the 10 biggest producers from the nearly 42 per cent last year to 60 per cent by 2025 through mergers and acquisitions
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Minority Shareholder Protection in China’s Top
Minority Shareholder Protection in China’s Top 100 Listed Companies. This is especially so in regard to Chinese listed companies. In practice, the position of minority shareholders in these
By Kevin Yao BEIJING (Reuters) Xia Xiaokang and Bruno Chen, who both run private-sector companies, are the sort of businessmen that Chinese leaders are increasingly concerned about as economic growth slows. Beijing is counting on the private sector to
The Roots of Chinese Oil Investment Abroad
In this context, we will review the article "The Roots of Chinese Oil Investment Abroad" by Trevor Houser [4]. The author traces the evolution of the Chinese oil sector, examines NOC-government
They will struggle. Some, notably the three big oil companies, Baosteel, Haier Avic is trying again with a small regional jet and plenty of tax breaks, but it has no clear idea of its
- Are China's oil refineries getting squeezed by a stricter tax regime?
- CHINA’S smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the embattled sector. The refiners, dubbed teapots, are in the crosshairs of the government’s drive to root out overcapacity.
- How will China's fuel oil tax change affect suppliers?
- Slowing Chinese demand for fuel oil, a residual refinery product left over once crude oil has been processed into gasoline and diesel fuel, would impact suppliers from Iran, Russia and Malaysia. "The tax change will effectively raise feedstock cost by nearly 400 yuan ($57) per ton.
- Is China planning a fuel oil tax revamp?
- China is planning a tax revamp that would raise costs for imported fuel oil, prompting independent refiners to slow purchases in another blow to a sector reeling from thin processing margins amid faltering demand, industry sources said.
- Why are China's teapot refiners getting tax breaks?
- The refiners, dubbed teapots, are in the crosshairs of the government’s drive to root out overcapacity. Local authorities, including in the industry’s hub of Shandong province, are targeting tax breaks on one of their cheaper feedstocks, fuel oil, which has hiked costs and forced teapots to cut run rates.
- Why are China's fuel oil imports stalled?
- Several senior traders said expectations for the tax change have stalled talks on new imports, ending a brief rebound in China's fuel oil purchases over the past two months. "This (tax policy) is having a big impact on the fuel oil market. Buyers are holding back from talking new deals," said a second source, a Shandong-based trading executive.
- Are China's Shandong refineries facing a feedstock shortage?
- China’s Shandong independent refineries are bracing for a potential feedstock shortage in the fourth quarter, as they are nearing the end of their crude import quota utilization and face higher cost of alternative feedstocks, owing to a change in consumption tax regulations that are being planned by Beijing.
