The State Council, China's Cabinet, has approved the merger of two State-owned enterprises. Sinochem Corporation, a leading domestic petroleum and fertilizer producer will take over China National Seed Group Corporation, the flagship of the country's seed industry. The State-owned Assets Supervision and Administration Commission has planned to cut the number of major enterprises under its control from 157 to between 80 and 100 by 2010. Sinochem has two listed branches, Sinofert Holdings Ltd in Hong Kong and Sinochem International in Shanghai.