Dalian Huanbohai Energy Trading Center (Group Corporation), hereinafter as HETC, was established in June 2014. HETC is the first international energy spot trading center in China, including energy spot commodities trading, warehouse & logistics, supply chain financing. Headquartered in Dalian Bonded Area--the core region of China (Liaoning) Pilot Free Trade Zone. Dalian Huanbohai Energy Trading Center has set up branches in Beijing, Shanghai, Shenyang, Qingdao, Qinhuangdao and other domestic large and medium-sized cities, as well as 27 different countries such as the United States, Russia, Azerbaijan, Canada, Nigeria, Colombia, and working with 35 of the top 50 oil companies in the world. The company has established business contacts and established multi-currency settlement centers in eight countries such as Dubai, Abu Dhabi, Singapore, the United Kingdom, Switzerland, Spain, Portugal, Sao Tome and Principe.HETC’s business covers international and domestic crude oil, fuel oil, refined oil, LNG, LPG, asphalt and other large energy spot commodity transactions, and now HETC has more than 300 member enterprises, reaching a cumulative transaction volume of more than 3.2 billion barrels and the accumulated trading volume of oil and natural gas is about US $300 billion.

Relying on regional advantages and preferential national policy advantages of free trade zone and local policy in Dalian, and following the national "One Belt One Road" development strategy, HETC has created a complete set of advanced online spot trading system through the internet, internet of things technology, financial innovation, RMB settlement and the global warehouse & logistics distribution system. Online spot trading system provides both domestic and oversea member enterprises with 8 categories of “one-stop” professional high quality services such as spot trading listing, contract management, delivery management, online payment, online financing, warehouse & logistics, big data information sharing. Now HETC has become a widely recognized international energy trading platform in the world.

HETC will always uphold the vision of “Integrity, Standard, Fusion, Win-Win”, and strive to become a world-class energy spot trading center with international standard services to increase the China’s voice in international energy trading market. HETC will also establish the energy pricing mechanism based on the market factors in China to promote the energy cooperation between different civilization and expand international energy transaction to achieve interconnectivity into an open and new pattern.