Red chip
Encyclopedia
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. The word "red
" represents the PRC and the Chinese Communist Party.
The term was coined by Hong Kong economist Alex Tang in 1992.
The Hang Seng China-Affiliated Corporations Index covers prices of Red Chips.
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
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...
outside mainland China and listed 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...
. The actual business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
is based in mainland China and controlled, either directly or indirectly, by the central, provincial or municipal governments of the Peoples' Republic of China. The word "red
Red
Red is any of a number of similar colors evoked by light consisting predominantly of the longest wavelengths of light discernible by the human eye, in the wavelength range of roughly 630–740 nm. Longer wavelengths than this are called infrared , and cannot be seen by the naked eye...
" represents the PRC and the Chinese Communist Party.
The term was coined by Hong Kong economist Alex Tang in 1992.
The Hang Seng China-Affiliated Corporations Index covers prices of Red Chips.
Hang Seng China-Affiliated Corporations Index
26 red chips compose the Hang Seng China-Affiliated Corporations Index :| Corporation name | Stock symbol |
|---|---|
| Poly (Hong Kong) Investments Poly (Hong Kong) Investments Poly Investments Limited , is a property developer in China, with its major businesses include property development, investment and management. It mainly develops mid to high-end residential and commercial properties in the cities along Yangtze River Delta and Pearl River Delta as well as the... |
|
| Yuexiu Property | |
| Kunlun Energy | |
| China Merchants Holdings (International) | |
| Denway Motors Denway Motors Denway Motors Limited is a investment holding company engaged in the manufacturing, assembly and trading of motor vehicles and automotive equipments and parts in Mainland China and Hong Kong.... |
|
| Guangdong Investment Guangdong Investment Guangdong Investment Limited was established and listed in Hong Kong in 1973. It is engaged in the businesses of property, infrastructure, energy, water supply to Hong Kong, Shenzhen and Dongguan, hotel management and department store operations.... |
|
| China Resources Enterprise 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 Mainland China... |
|
| Sinofert | |
| Shanghai Industrial Holdings Shanghai Industrial Holdings Shanghai Industrial Holdings Limited or SIHL is a conglomerate company consisting of real estate, infrastructure, medicine and consumer products businesses in Shanghai, China... |
|
| Beijing Enterprises Beijing Enterprises Beijing Enterprises Holdings Limited was formed upon eight units of assets in Beijing, China. It was incorporated in Hong Kong and listed on the Hong Kong Stock Exchange as red chip stock in 1997... > |
|
| China Agri-Industries Holdings | |
| China Overseas | |
| China Unicom China Unicom China Unicom or China United Netcom Ltd , is a Chinese state-owned telecommunications operator in the People's Republic of China.-History:... |
|
| Franshion Properties Franshion Properties Franshion Properties Limited , the subsidiary of state-owned Sinochem Corporation, is engaged in real estate development in Shanghai, Beijing and Zhuhai. It is incorporated and headquartered in Hong Kong, but its business is mainly in Mainland China.... |
|
| China Resources Power China Resources Power China Resources Power Holdings Company Limited , or China Resources Power, was incorporated and registered in Hong Kong in 2001. It is a subsidiary of China Resources Holdings, a conglomerate in Mainland China and Hong Kong... > |
|
| Tianjin Development Tianjin Development Tianjin Development Holdings Limited or Tianjin Development is a conglomerate engaged in container terminal operations, toll roads, water supply, electric utilities and property development in Tianjin, China. In 2005, Tianjin Development split Tianjin Port Development to be listed on the Hong Kong... |
|
| CNOOC | |
| China Netcom China Netcom China Netcom, full name China Netcom Group Corporation Limited , abbreviated CNC, was a former telecommunication service provider in People's Republic of China... |
|
| China Mobile China Mobile China 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... > |
|
| China Taiping Insurance | |
| Lenovo Group Lenovo Group Lenovo Group Limited is a Chinese multinational personal technology company that develops, manufactures and markets desktop and notebook computers, workstations, servers, storage drives, IT management software, and other related products and services. Lenovo was incorporated in Hong Kong in 1988... |
|
| China Resources Land China Resources Land China Resources Land Limited is a property developer of China Resources Group. Its business is the development and management of residential and investment properties in Mainland China major cities including Beijing, Shanghai, Shenzhen, Chengdu, Wuhan and Hefei, Hangzhou, Wuxi, Dalian, Ningbo,... |
|
| COSCO Pacific COSCO Pacific COSCO Pacific Limited , headquartered in Hong Kong, is a subsidiary and listed company of COSCO Group owned by COSCO Group. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding.It has been a Hang Seng Index Constituent... |
|
| China Resources Cement China Resources Cement China Resources Cement Holdings Limited , parented by China Resources, is a leading cement and concrete producer in Southern China. It is the largest NSP clinker and cement producer in Southern China by production capacity and the second largest concrete producer in China by sales volume... > |
|
| Sino-Ocean Land Sino-Ocean Land Sino-Ocean Land is a real estate state-owned joint-venture enterprise in Mainland China, which is a subsidiary company of COSCO Group... |
|
| Sinotruk (Hong Kong) Sinotruk (Hong Kong) Sinotruk Limited is incorporated in Hong Kong in 2004. Its parent company, China National Heavy Duty Truck Group, is the third largest heavy truck manufacturer in Mainland China located at Shandong.... |
|
See also
- A shareA share (mainland China)A shares are specialized shares of the [Renmembi]]currency that are purchased and traded on the Shanghai and Shenzhen stock exchanges.This is contrast to Renmembi B shares which are owned by foreigners who cannot purchase A-shares due to Chinese government restrictions.-See also:* A share * B...
- B shareB shareB share can refer to various terms relating to stock classes:* B shares, a class of stock on the Shanghai and Shenzhen stock exchanges* B shares, a class of stock on the New York Stock Exchange-See also:* B share* H share* Red chip* P chip* S chip...
- H shareH shareH shares In mainland China, the shares are referred to as H股 H shares, whilst in Hong Kong, they are called 恒生中國企業指數, literally Hang Seng China Enterprises Index. refers to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange...
- Red chip
- 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...
- N shareN shareN-Shares refers to Chinese companies listed on the NYSE, NASDAQ, or the American Stock Exchange. 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 incorporated in Bermuda, the Cayman Islands,...
- L shareL shareL-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....
- G shareG shareG shares refers to shares traded in the stock exchanges of mainland China that belong to companies that have accomplished stock right division reforms, and have regained business on the market...
- China Concepts StockChina Concepts StockChina Concepts Stock is a set of stock of companies whose assets or earnings have significant activities in Mainland China. The People's Republic of China is undergoing major financial transformation, many leading mainland-based companies choose to list themselves overseas to gain access to...