On December 5th, Sinochem International Corp (SH 600500) was awarded by Shanghai Bureau of State Administration of Foreign Exchange the “Foreign Exchange Service Green Channel in 2008”.

As Sinochem International stood out in the sample survey on trade credits and export cost in terms of the foreign exchange for submitting the data in a timely, complete and accurate fashion and providing feedback and suggestions proactively, the company was granted a one-year “Green Channel” service.

The “Green Channel” service would give enterprises priorities on foreign exchange related procedure, online verification, reasonably simplified approval procedure on the capital project, regular foreign exchange policy trainings and regular foreign exchange statistics commodities.