The Houston Petroleum Equipment Exchange (HPEE) was established in March 2013, registered capital of 100 million yuan, a total investment of 130 million yuan, by Dongying state-owned assets operation co., Ltd, Dongying Booch Material Co., Ltd, Jointly funded.

The HPEE relying on local petroleum equipment industry, in line with to the leader of electronic trading, using the establishment of online

trading systems, structures, trade center, the formation of commodity industry standardization, industry chain, buyers and sellers reputation guarantee, quality certification, trade fair and the regulatory and safety of transaction and the funds, perfect the system of customer satisfaction, to drive the industry chain, trade finance, and promote industry development.

The HPEE will show the new expect by widely absorbing domestic dealers and customers to join, driving spot trading.The HPEE will spare efforts to forge a domestic first based on the petroleum equipment industry, and will set information consultation, spot transactions, financial services, logistics as one of the most outstanding, the most professional e-commerce trading center.