History of Sumitomo Corp. China Group

History of Sumitomo Corp. China Group

In May, 1970, Sumitomo Corporation became the first trading company to accept the four trade prerequisites proposed by Premier Zhou ahead of other trading companies.

In April, 1972, Sumitomo Corporation was officially appointed as a friendly trading company in China, which has conducted business with China directly ever since . In June we set up "China's Ministry of Trade" in development department.

In March, 1973, as a Japanese-owned trading company, we succeeded in exporting U.S. cotton of 6.6 million tons to China , which takes the lead in the trade between the three countries.

In July, 1974, we participated in the Conference of Sino-Japanese oil imports Agreement (carrying out China's crude oil trade with General Sekiyu K.K., Nansei Sekiyu K.K.).

In December, 1977, the heads of 15 subsidiaries under the Sumitomo Group formed an economic friendly visit group (led by Honorary President of the company Tsuda), exchanged ideas with the relevant agencies of the Chinese side on a high level.

In 1978, In April, the Chinese Trade Ministry was incorporated into the business headquarters. In August it concluded the Sino-Japanese Treaty of Peace and Friendship. As a contacting company, we restarted China's imports of raw carbon after 12 years.

In 1979, In August, we set up a Sumitomo representative office in Beijing. In September, we successfully imported naphtha from China for the first time.

In 1980, In January, we held the Spring Festival of the Chinese Embassy in Japan which becomes our annual routine. In August, Hong Kong office became a legal entity (the establishment of Sumitomo (Hong Kong) Ltd.).In December we set up representative offices in Shanghai, Tianjin, Guangzhou and Dalian.

In July, 1981, according to processing trade case NO. 1 between China and our company, we made a pre-contract agreement with the seventh radio factory in Sichuan Province of China, on the complication of magnetic head manufacturing of the electrical Ikejiri tape recorder.

In September 1984, Sumitomo representative office in Shenzhen was established.

In May 1985, the head Representative Office of China was established in Representative office (Beijing).

In November 1986, Representative Office of Sumitomo Corporation was established in Qingdao and Nanjing.

In April 1989, Representative Office (Shenyang) of Sumitomo Corporation was established.

In February 1993, Representative Office (Shanghai) became a legal entity. (The establishment of (Sumitomo (Shanghai) Co. , Ltd. ).
※ In 1995,it started its business as an independent legal entity.

In March 1993, Representative Office (Shenzhen) became an legal entity. (The establishment of (Sumitomo (Shenzhen) Co. , Ltd. ).

In September 1995, the establishment of Sumitomo Corporation (China) Ltd. (an investment company).

In April 1996, Representative Office(Guangzhou) became an legal entity .( the establishment of (Sumitomo (Guangzhou) Co. , Ltd. ) .In June, Representative Office(Tianjin) became an legal entity .( the establishment of (Sumitomo (Tianjin) Co. , Ltd. ). In November, Representative Office(Qingdao) became an legal entity .(the establishment of (Sumitomo (Qingdao) Co. , Ltd. ) .

In April 1996, Representative Office(Dalian) became an legal entity .( the establishment of (Sumitomo (Dalian) Co. , Ltd. ) .

In April 1997, President Miyabara (at that time) and Presidnet Jiang (then) present at the meeting.

In July 1999, the establishment of Representative Office (Chengdu) of Sumitomo Co., Ltd.

In November 2001, taking cooperation leaders as its head, the business group has paid 9 visits to study from the competitive emerging enterprises in China from November 2001 to January 2002.

In September 2003, President Oka (at that time ) take the office of Tianjin Municipal Economic Adviser.

In July 2004, Sumitomo Co., Ltd. established a representative office in Changchun. In October, President Miyabara (at that time) became special guest of the 16th international entrepreneurs' consultancy conference in Shanghai.

In April 2006, Sumitomo Corporation (China) Limited (commercial company) was established. In July, Sumitomo Corporation (Shanghai) Limited got access to domestic sales, which further expands the business scope.

In July 2008, Sumitomo Corporation (Shanghai) Limited Suzhou branch was established.

In July 2009, Chairman Oka (at that time) won the "People's Friendship Contribution Award" from The Chinese People’s Association For Friendship with Foreign Countries (CPAFFC).

President Miyabara (at that time, the left front) and Jiang (at that time, front right) meet.
President Miyabara (at that time, the left front) and Jiang (at that time, front right) meet.
Tianjin Mayor Dai Xianglong (at that time) invites President Oka (at that time) to participate in the inauguration ceremony of Tianjin Economic Advisers.
Tianjin Mayor Dai Xianglong (at that time) invites President Oka (at that time) to participate in the inauguration ceremony of Tianjin Economic Advisers.
Chairman Oka (at that time) won the “People's Friendship Contribution Award” from CPAFFC
Chairman Oka (at that time) won the "People's Friendship Contribution Award" from CPAFFC