Sinopec Beats Bond Freeze as China Inc. Readies for Acquisitions

Sinopec Beats Bond Freeze as China Inc. Readies for Acquisitions

Jerome Favre/Bloomberg

The China Petroleum & Chemical Corp. (Sinopec) logo is displayed on a gas station in Hong Kong. The state-owned refiner raised $3.5 billion in a dollar bond sale in April to finance investments overseas, according to a statement to the Hong Kong stock exchange.