On September 12, the Nanjing Chemical Exchange Management Co., Ltd. officially broke ground in the Nanjing Chemical Industry Park. This major project, backed by a total investment of approximately RMB 1 billion, aims to boost Nanjing's GDP by more than one percentage point in the coming years. With ambitious goals, the city is looking to position itself as a key player in the Chinese chemical market, creating a new benchmark for chemical trading and industry development.
The company was established through a collaboration between the China National Petroleum and Chemical Industry Association, Nanjing Chemical Industrial Park Co., Ltd., Nanjing Yanjiang Industrial Development Zone, and other central and local entities, along with international foundations and both domestic and foreign enterprises. Chairman Ni Yinghui explained that the exchange is designed as a modern service enterprise that integrates physical and digital trading platforms, offering an innovative model for chemical transactions. Once operational, the exchange is expected to handle an annual transaction volume of up to 30 billion yuan. The entire project is scheduled for completion within two years, with the target of achieving full operational capacity and reaching the projected transaction volume within three years.
Under a strategic framework that combines tangible and intangible operations, centralized and decentralized management, traditional and modern approaches, and domestic and international perspectives, the project is well-positioned for sustainable growth. This balanced approach ensures efficient resource allocation and long-term stability.
Xu Bin, the company’s president, highlighted the critical role of the Nanjing Chemical Industry Park in supporting the exchange. As a core hub for modern chemical production in China, Nanjing is home to over 1,750 large-scale petrochemical and related enterprises. Petrochemicals remain the city's largest industrial pillar. The planned annual transaction volume of 30 billion yuan is expected to not only stimulate the growth of leading industries but also enhance the development of supporting sectors. This initiative is seen as a significant driver for economic growth and industrial restructuring in the region, reinforcing Nanjing’s status as a key player in the national chemical industry.
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