Red chip stocks () are the stocks of
mainland China
"Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater Chin ...
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 city and special administrative region of China on the eastern Pearl River Delta i ...
. It refers to
businesses 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
Blue chip may refer to:
* Blue casino token
* Blue chip (stock market), a corporation with a national reputation for quality, reliability, and the ability to operate profitably
* Blue chip (sports), collegiate athletes who are targeted by professio ...
stocks with "
red" representing the
Socialist economic philosophy of the People's Republic of China.
Stock index of red chips
The
Hang Seng China-Affiliated Corporations Index (HSCCI) is a
stock market index of 25 red chip companies.
List of red chip companies
, there were 267 red chip companies, including:
*
APT Satellite Holdings
*
China Aerospace International Holdings
*
China Development Bank International Investment
*
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 ...
*
China Mobile Ltd
China Mobile is the trade name of both China Mobile Limited () and its ultimate controlling shareholder, China Mobile Communications Group Co., Ltd. (, formerly known as China Mobile Communications Corporation, "CMCC"), a Chinese state-ownedSt ...
*
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 June ...
*
China Petroleum & Chemical Corporation
*
China Resources Enterprise
*
China Telecom Corp., Ltd.
*
China Unicom (Hong Kong) Limited
*
China Zheshang Bank
China Zheshang Bank, abbreviated as CZB, is a national joint-stock commercial bank based in the People's Republic of China and regulated by the People's Bank of China.
Overview
China Zheshang Bank has its headquarters in Hangzhou, China and ...
*
Chongqing Iron and Steel Company
*
Cosco Shipping
*
Goldwind
*
Guangzhou Automobile Group Co Ltd
*
Lenovo
*
Peking University Resources (Holdings)
*
PetroChina
*
SMIC
*
Tong Ren Tang
*
Tsingtao Brewery
*
Zijin Mining Group
*
ZTE Corporation
See also
*
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 ...
*
S chip
*
N share
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L share
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G share
*
China Concepts Stock
References
{{DEFAULTSORT:Red Chip
Stock market terminology
Finance in Hong Kong
Finance in China
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