Red chip
Red chip stocks (Chinese: 红筹股; pinyin: hóng chóu gǔ; Jyutping: hung4 chau4 gu2) are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. 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 stocks with "red" representing the Socialist economic philosophy of the People's Republic of China.[1]
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
This list is incomplete; you can help by adding missing items. (July 2017) |
As of 30 September 2020[update], there were 267 red chip companies, including:[2]
- APT Satellite Holdings
- China Aerospace International Holdings
- China Development Bank International Investment
- China Energine
- China Mobile Ltd
- China Overseas Land and Investment
- China Petroleum & Chemical Corporation
- China Resources Enterprise
- China Telecom Corp., Ltd.
- China Unicom (Hong Kong) Limited
- China Zheshang Bank
- 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
- A share
- B share
- H share
- Green Chip
- P chip
- S chip
- N share
- L share
- G share
- China Concepts Stock
References
- v
- t
- e
- Seamen's strike of 1922
- Black Saturday (1983)
- Four Asian Tigers
- Ting Hai effect
- 1997 Asian financial crisis
- Stock disasters in Hong Kong
- Brand Hong Kong
- Positive non-interventionism
- Taipan
- Poverty Campaign: Speak Up
- Pearl River Delta
- Hong Kong Trade Development Council
- Hong Kong Monetary Authority
- Commerce and Economic Development Bureau
- Financial Services and the Treasury Bureau
- Trade and Industry Department
- Office of the Government Economist
- Inland Revenue Department
- Agriculture, Fisheries and Conservation Department
- State enterprises in Hong Kong
- Employment in Hong Kong
- Estate Duty Ordinance
- Goepfert case
- Inland Revenue Ordinance
- Partnership taxation
- Profits tax
- Rates (tax)
- Salaries tax
- Minimum Wage Ordinance
- Stamp Duty Ordinance
- Stamp duty
- Goods and Service Tax
and Transport
- Hong Kong Exchanges and Clearing
- Securities and Futures Commission
- Linked exchange rate
- Red chip
- H share
- Electronic Payment Services
- Growth Enterprise Market
- Hong Kong Mercantile Exchange
- Hang Seng Index
- Hang Seng China Enterprises Index
- Hang Seng China-Affiliated Corporations Index
- CSI Cross-Straits 500 Index
- See also: Economy of Macau
- Economy of Asia