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 China. ...
companies
incorporated outside mainland China and
listed
Listed may refer to:
* Listed, Bornholm, a fishing village on the Danish island of Bornholm
* Listed (MMM program), a television show on MuchMoreMusic
* Endangered species in biology
* Listed building, in architecture, designation of a historicall ...
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 Delt ...
. 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 pr ...
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
Red is the color at the long wavelength end of the visible spectrum of light, next to orange and opposite violet. It has a dominant wavelength of approximately 625–740 nanometres. It is a primary color in the RGB color model and a secondar ...
" 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 e ...
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 the ...
of 25 red chip companies.
List of red chip companies
, there were 267 red chip companies, including:
*
APT Satellite Holdings
APT Satellite Holdings Limited is a Bermuda-incorporated holding company. Its Hong Kong-incorporated subsidiary APT Satellite Co., Ltd. is the operator of the Apstar satellite constellation. APT Satellite Holdings and APT Satellite are headquarte ...
*
China Aerospace International Holdings
China Aerospace International Holdings Limited (abb. CASIL) is a Hong Kong incorporated holding company. The company itself is a subsidiary of China Aerospace Science and Technology Corporation and a listed company on the Stock Exchange of Hong ...
*
China Development Bank International Investment
China Development Bank International Investment Limited is a Cayman Islands-incorporated investment company headquartered in Hong Kong. It was listed company on the Hong Kong stock exchange since 1994 (as ING Beijing Investment, formerly "Honlinda ...
*
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
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China Overseas Land and Investment
*
China Petroleum & Chemical Corporation
*
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 Ma ...
*
China Telecom Corp., Ltd.
*
China Unicom (Hong Kong) Limited
*
China Zheshang Bank
*
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 G ...
*
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 ...
*
Goldwind
Xinjiang Goldwind Science & Technology Co., Ltd., commonly known as Goldwind, is a Chinese multinational wind turbine manufacturer headquartered in Beijing, China. Goldwind was a state-owned enterprise before 2007, with largest shareholders inc ...
*
Guangzhou Automobile Group Co Ltd
Guangzhou Automobile Group Co., Ltd. (GAC Group) is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. Founded in 1954, it is currently the fifth largest automobile manufacturer in China, with 2.144 million s ...
*
Lenovo
Lenovo Group Limited, often shortened to Lenovo ( , ), is a Chinese Multinational corporation, multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, Personal computer, personal computers, ...
*
Peking University Resources (Holdings)
Peking University Resources (Holdings) Co., Ltd. known also as PKU Resources is a Chinese listed company. The company was incorporated in Bermuda and listed in the Hong Kong Stock Exchange. The company is an indirect non-wholly-owned subsidiary ...
*
PetroChina
*
SMIC
*
Tong Ren Tang
Tong Ren Tang (TRT; ) is a Chinese pharmaceutical company founded in 1669, which is now the largest producer of traditional Chinese medicine (TCM). The company headquarters are in Beijing and is engaged in both manufacture and retail sales, o ...
*
Tsingtao Brewery
Tsingtao Brewery Co. Ltd. () is China's second largest brewery, with about 15% of domestic market share and also accounts for half of China’s national beer exports. It was founded in 1903 by German settlers in Tsingtau (Qingdao), Kiautschou Ba ...
*
Zijin Mining Group
Zijin Mining Group Co., Limited is a multi-national mining company headquartered in Mainland China.
Background
Zijin is a Shanghai Stock Exchange and Hong Kong Stock Exchange listed mining company principally engaged in the prospecting, expl ...
*
ZTE Corporation
ZTE Corporation is a Chinese partially state-owned technology company that specializes in telecommunication. Founded in 1985, ZTE is listed on both the Hong Kong and Shenzhen Stock Exchanges.
ZTE's core business is wireless, exchange, opt ...
See also
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Chip Chromatin immunoprecipitation (ChIP) is a type of immunoprecipitation experimental technique used to investigate the interaction between proteins and DNA in the cell. It aims to determine whether specific proteins are associated with specific genom ...
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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 exc ...
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Green Chip
Green chips are stocks in a companies in "green" or environmentally friendly industries or that operate in a socially responsible manner. It is a play on the term blue chip stocks with the word "green" representing eco investing or more broadly ...
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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 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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