ChemChina organized a training program on preparing and reading consolidated financial statements from June 26th to 28th in Beijing and sorted out the 2008 financial accounts data in the comprehensive financial data management platform. More than 120 financial and accounting personnel across the board of ChemChina Group participated in the training.
Supported by Beijing Jiuqi Software Co., Ltd., ChemChina began to develop the comprehensive financial data management platform in alignment with its KPI program and as part of the answer to the requirements of the State-owned Assets Supervision and Administration Commission (SASAC) and the Ministry of Finance for improved rolling financial reports, monthly financial reports, company budgets and accounts. Now that the platform has been completed and is in operation, the subsidiaries of ChemChina consolidated into the group financial statements are able to submit their financial data and statements through the platform which is in turn linked to the KPI system of ChemChina Group.