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
The Cayman Islands () is a self-governing British Overseas Territory—the largest by population in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located to the ...
and
Bermuda and have their business operations in mainland China.
Some S chips were beset by corporate governance and accounting problems, resulting in reputational issues that led to share price declines in 2009.
The main difference between S chips and
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 is the exchange on which they are traded.
An index that covers the prices of S-Chips is the FTSE ST China Index.
FTSE ST Index Series
From January 2008 to October 2009, the FTSE ST China Index had a return of −60%, as opposed to a return of −20% for the Hang Seng China Enterprises Index, which covers the prices of H shares.
See also
* Chip
* A share
* B share
* H share
* Red chip
* 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 ...
* 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 ...
* N share
* L share
* G share
* China Concepts Stock
* Green chip
References
{{Reflist
Stock market terminology
Economy of Singapore
Finance in China