Founded in January, 2006, Shanghai Chemspace Co., Ltd. (Chemspace), which is one of holding companies of Sinochem Jiangsu, is an enterprise registered in Shanghai Waigaoqiao Bonded Zone. It mainly deals in international trade of pharmaceuticals, chemical intermediates, plastics and petrochemicals, etc. Chemspace supplies the domestic manufacturers which handle import and export of above commodities with their purchases and sales by foreign currencies, and foreign investment enterprises in P.R. China with their purchases by processing imported and bonded materials, by means of settlement of RMB and foreign currencies and bonded storage, processing, distributing and delivering of imported goods. It also goes in for entrepot trade of above commodities.