ShiGongZhiKong Company Officially Inaugurated

2023-07-20

On July 19, Beijing ShiGongZhiKong Technology Co., Ltd. was officially inaugurated in Beijing. The company was jointly funded and established by Sinopec Research Institute of Petroleum Engineering Co., Ltd., Sinopec Matrix Corporation,  and Enze Haihe (Tianjin) Equity Investment Fund, representing an important achievement in leveraging industrial capital to support the incubation of the Sinopec Group’s scientific and technological achievements. Centered on near-bit gamma imaging system technology, the company provides specialized equipment, instruments and technical services for unconventional oil and gas exploration, with the aim of accelerating the commercialization and application of research achievements. Zhang Shaofeng, member of the Group Company’s Leading Party Members Group attended the inauguration ceremony and delivered a speech.

Zhang Shaofeng emphasized the importance of fully recognizing the significance of capital in facilitating the commercialization of scientific and technological achievements. He noted that this is an important practice for accelerating high-level self-reliance and strength in science and technology, improving the scientific and technological innovation system and ecosystem, and implementing the guiding principles of the 20th CPC National Congress while fulfilling the responsibility of serving as a national strategic scientific and technological force. He stressed the need to give full play to the role of industrial capital as an “internal investment bank” effectively bringing together various innovation and production factors—including technology, talent, and capital—so as to transform science and technology into productive forces and drive the Sinopec Group’s high-quality development. He also called for strengthening the operation and management of project companies, highlighting strategic guidance, emphasizing corporate governance, adhering to market-oriented operations, continuously exploring sound mechanisms, and reinforcing both incentives and constraints. In addition, he underscored the need to strengthen post-investment empowerment by actively exploring enabling mechanisms that are conducive to the development of project companies, technological innovation and industrial growth. These efforts, he said, will further help establish a sustained and stable mechanism through which capital supports the commercialization of scientific and technological achievements, explore and build a new Sinopec model for using industrial capital to facilitate the commercialization of research achievements, and strive to achieve a virtuous cycle among technology, industry and finance.