Purple chip
Encyclopedia
Purple chip stock is a kind of stock
in Hong Kong
which is both blue chip (Hang Seng Index Constituents) and red chip
(China
-affiliate
d companies incorporated
in Hong Kong) stock listed in Hong Kong Stock Exchange
.
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
which is both blue chip (Hang Seng Index Constituents) and red chip
Red chip
Red chips stocks are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. The actual business is based in mainland China and controlled, either directly or indirectly, by the central, provincial or municipal governments of the Peoples' Republic of China...
(China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
-affiliate
Affiliate
An affiliate is a commercial entity with a relationship with a peer or a larger entity.- Corporate structure :A corporation may be referred to as an affiliate of another when it is related to it but not strictly controlled by it, as with a subsidiary relationship, or when it is desired to avoid...
d companies incorporated
Incorporation (business)
Incorporation is the forming of a new corporation . The corporation may be a business, a non-profit organisation, sports club, or a government of a new city or town...
in Hong Kong) stock listed in Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
.
Examples of "Purple Chip" stocks
- China Merchants Holdings (International)
- CITIC PacificCITIC PacificCITIC Pacific is a Hong Kong-based conglomerate holding company headquartered in the CITIC Tower, Admiralty, Hong Kong. It is 58% owned by the state-owned Citic Group in Beijing and has shareholders around the world.-Business areas:...
- China ResourcesChina ResourcesChina Resources is a group of companies in a wide variety of businesses in Hong Kong and mainland China. Some of its companies use the name in the form of the acronym CRC....
- China UnicomChina UnicomChina Unicom or China United Netcom Ltd , is a Chinese state-owned telecommunications operator in the People's Republic of China.-History:...
- China National Offshore Oil CorporationChina National Offshore Oil CorporationChina National Offshore Oil Corporation is one of the three major national oil companies of China....
- China NetcomChina NetcomChina Netcom, full name China Netcom Group Corporation Limited , abbreviated CNC, was a former telecommunication service provider in People's Republic of China...
- China MobileChina MobileChina Mobile Limited is a Chinese state-owned telecommunication company that provides mobile voice and multimedia services through its nationwide mobile telecommunications network, the largest of its kind in the world...
- COSCO PacificCOSCOChina Ocean Shipping Company, known as COSCO or COSCO Group, is one of the largest liner shipping companies worldwide. It is a government owned company of the People's Republic of China...
See also
- Red ChipRed chipRed chips stocks are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. The actual business is based in mainland China and controlled, either directly or indirectly, by the central, provincial or municipal governments of the Peoples' Republic of China...
- Blue ChipBlue chipAccording to the New York Stock Exchange, a blue chip is stock in a corporation with a national reputation for quality, reliability and the ability to operate profitably in good times and bad....
- Green ChipGreen chipGreen chip stocks are along the lines of "green" or earth friendly industry. These include:* Solar Energy* Wind Energy* Geothermal* Plug-in Hybrid Electric Vehicles* Organic Foods* Water* Carbon Trading* Waste-to-Energy* Smart Grid...
- P ChipP chipThe 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 businessmen...
- S ChipS chipS chips , also known as S-Shares, is a term that refers to Chinese companies listed on the Singapore Exchange. S-Chips are incorporated in Singapore, the British Virgin Islands, the Cayman Islands and Bermuda and have their business operations in mainland China...