Red chip stocks () are the stocks of
mainland China
"Mainland China" is a geopolitical term defined as the territory governed by the China, People's Republic of China (including islands like Hainan or Chongming Island, Chongming), excluding dependent territories of the PRC, and other territorie ...
companies
incorporated outside mainland China and
listed in
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...
. It refers to
business
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit."
Having a business name does not separ ...
es based in mainland China and with (majority) shares controlled either directly or indirectly by a government body. This controlling entity could be one or more combinations of the central, provincial or municipal mainland government, with the company listed in Hong Kong to allow private and overseas investment.
The term was coined by Hong Kong economist Alex Tang in 1992 and combines
blue chip stocks with "
red" representing the
Socialist
Socialism is a left-wing economic philosophy and movement encompassing a range of economic systems characterized by the dominance of social ownership of the means of production as opposed to private ownership. As a term, it describes the ...
economic philosophy of the People's Republic of China.
Stock index of red chips
The
Hang Seng China-Affiliated Corporations Index
Hang Seng China-Affiliated Corporations Index or HSCCI is a stock index of the Stock Exchange of Hong Kong for red chip companies listed on the exchange, which are incorporated outside of mainland China, such as in Bermuda, the Cayman Islands, ...
(HSCCI) is a
stock market index
In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance.
Two of th ...
of 25 red chip companies.
List of red chip companies
, there were 267 red chip companies, including:
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APT Satellite Holdings
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China Aerospace International Holdings
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China Development Bank International Investment
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China Energine
China Energine International (Holdings) Limited, or China Energine, is a Hong Kong-based and Cayman Islands-incorporated holding company. The controlling shareholder was Chinese state-owned mega-conglomerate China Aerospace Science and Technology C ...
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China Mobile Ltd
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China Overseas Land and Investment
China Overseas Land and Investment Limited (COLI), known as China Overseas, is a Hong Kong-based and incorporated real estate conglomerate. It is an indirect subsidiary of China State Construction Engineering Corporation Limited.
Found in Jun ...
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China Petroleum & Chemical Corporation
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China Resources Enterprise
China Resources Enterprise is the subsidiary and the listed company of China Resources Holdings. It is a conglomerate enterprise focusing on retailing, beverage, food processing and distribution, textiles and real estate in Hong Kong and Mai ...
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China Telecom Corp., Ltd.
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China Unicom (Hong Kong) Limited
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China Zheshang Bank
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Chongqing Iron and Steel Company
Chongqing Iron and Steel Company Limited (,), or CISC is an iron and steel manufacturing state-owned enterprise in Chongqing, China.
Formerly "Hanyang Iron Plant" in Wuhan, it was established in 1890 during Qing Dynasty by Zhang Zhidong, the ...
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Cosco Shipping
China COSCO Shipping Corporation Limited, abbreviated as COSCO Shipping, is a Chinese state-owned multinational conglomerate headquartered in Shanghai. The group is focused on marine transportation services. COSCO Shipping was established in J ...
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Goldwind
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Guangzhou Automobile Group Co Ltd
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Lenovo
Lenovo Group Limited, often shortened to Lenovo ( , ), is a Chinese multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, personal computers, software, business solutions, and related se ...
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Peking University Resources (Holdings)
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PetroChina
PetroChina Company Limited () is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation (CNPC), headquartered in Dongcheng District, Beijing. The company is currently Asia's largest oil and ga ...
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SMIC
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Tong Ren Tang
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Tsingtao Brewery
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Zijin Mining Group
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ZTE Corporation
See also
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Chip
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A share
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B share
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H share
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Green Chip
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P chip
The term P chip () refers to Chinese companies listed on the Hong Kong Stock Exchange which are incorporated in the Cayman Islands, Bermuda and the British Virgin Islands with operations in mainland China, and are run by private sector Chinese bus ...
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S chip S chips () are Chinese companies listed on the Singapore Exchange. Their shares are known as S shares. S chips are incorporated in Singapore, the British Virgin Islands, the Cayman Islands and Bermuda and have their business operations in mainland C ...
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N share N-Shares () refers to Chinese companies listed on the NYSE, NASDAQ, or the NYSE MKT. The term stands for New York. They may or may not be incorporated in China, but they have their main business operations in mainland China. Most of them are incorpo ...
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L share L-Shares () refers to Chinese companies listed on the London Stock Exchange. The listed companies are incorporated in the Cayman Islands, Bermuda, British Virgin Islands and Jersey, but they have their main business operations in mainland China.
...
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G share
G, or g, is the seventh letter in the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''gee'' (pronounced ), plural ''gees''.
History
Th ...
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China Concepts Stock
References
{{DEFAULTSORT:Red Chip
Stock market terminology
Finance in Hong Kong
Finance in China
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