Red chip stocks () are the stocks of
mainland China
"Mainland China", also referred to as "the Chinese mainland", is a Geopolitics, geopolitical term defined as the territory under direct administration of the People's Republic of China (PRC) in the aftermath of the Chinese Civil War. In addit ...
companies
incorporated outside mainland China and
listed in
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
. It refers to
business
Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for ...
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 an economic ideology, economic and political philosophy encompassing diverse Economic system, economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes ...
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
In finance, a stock index, or stock market index, is an Index (economics), index that measures the performance of a stock market, or of a subset of a stock market. It helps investors compare current stock price levels with past prices to calcul ...
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
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China Mobile Ltd
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China Overseas Land and Investment
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China Petroleum & Chemical Corporation
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China Resources Enterprise
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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
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Cosco Shipping
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Goldwind
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Guangzhou Automobile Group Co Ltd
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Lenovo
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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
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 ...
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Green Chip
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P chip
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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 ...
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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 incorp ...
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L share
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G share
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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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