OREANDA-NEWS. March 13, 2013. The Fortune unveiled the list of “World’s Most Admired Companies 2013”. Sinochem Group came first in “trading industry list”, setting the best record for Chinese enterprises.

The trading industry was newly introduced as part of “World’s Most Admired Companies” this year, adding the total industries to 57. Sinochem Group’s remarkable achievement of topping the list is a testament to its unparalleled strength and reputation which have gained high recognition from senior executives, board directors and analysts around the world.

Released by the Fortune from 1997, the annual list of “World’s Most Admired Companies”, which consists of “top 50”,“list by industry”, “list by region”, has stood out with global prominence along with “Fortune Global 500”. “List by industry” is an important gauging of enterprises’ excellence in their respective industrial sectors. Executives, board directors and analysts are invited to rate the 15 largest enterprises and 10 largest U.S. enterprises for each industry based on nine criteria including their investment value and social responsibility. According to the rating, the top 50% companies will be put on the list in descending order of their scores.

Since the reform and opening-up, China has gained great momentum for its economic development and now has risen as the second-largest economy in the world. Meanwhile, Chinese enterprises have expanded quickly with ever-growing global clout. Topping the Fortune’s trading industry list, Sinochem Group and other Chinese enterprises have benefited a lot from China’s booming economy, and also, with their ever-enhancing strength, have made great contribution to making Chinese economy closely woven into world economy with upgraded status.

Traditionally known as the biggest foreign trade company over China’s history, Sinochem Group set out on its strategic reform journey back in 1998 in response to changes in both internal and external environment. Sinochem Group has proved its great capability in deploying materials in global scope, by taking full advantage of resources and markets both domestically and globally, and has carved out a distinctive path featuring market-oriented operation, solid resources and technology support and lean management. Upholding a diversified business pattern, Sinochem Group is actively engaged in five sectors, namely energy, agriculture, chemical, real estate and financial service. By sustainable and rapid development, Sinochem Group has successfully transformed from a traditional foreign trade enterprise into a multinational group with strong influence in its involved industries.

Up to now, Sinochem Group has been listed in the Fortune Global Top 500 for 22 times. It is the earliest entrant in the list among its Chinese peers, and ranked the 113th in 2012.