Take context from the input text and decide on the accurate relationship between 'Sinopec' and 'Beijing' from the options provided.
Options: owned by, distributed by, member of, location of formation

These include Chinese search giant Baidu, financial services firm HSBC, instant noodle maker Tingyi, Beijing Airport and energy logistics firm Sinopec Kanton, whose share prices halved in the past week.
location of formation