S chips () are Chinese companies listed on the

Singapore Exchange Singapore Exchange Limited (SGX Group) is a Singapore-based exchange conglomerate, operating Equity (finance), equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and ...

. Their shares are known as S shares. S chips are incorporated in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

, the

British Virgin Islands The British Virgin Islands (BVI), officially the Virgin Islands, are a British Overseas Territories, British Overseas Territory in the Caribbean, to the east of Puerto Rico and the United States Virgin Islands, US Virgin Islands and north-west ...

, the

Cayman Islands The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...

and

Bermuda Bermuda is a British Overseas Territories, British Overseas Territory in the Atlantic Ocean, North Atlantic Ocean. The closest land outside the territory is in the American state of North Carolina, about to the west-northwest. Bermuda is an ...

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 Hang Seng China Enterprises Index is a stock market index of The Stock Exchange of Hong Kong for H shares, red chip stocks, and P chips. H share is a class of ordinary share of the mainland China incorporated company that only traded outside t ...

, which covers the prices of

H share H shares () refer to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange. Many companies float their shares simultaneously on the Hong Kong market and one of the two mainland Chinese stock excha ...

References

{{Reflist Stock market terminology Singapore Exchange Economy of Singapore Finance in China

See also

References