Loading AI tools
Type of Chinese company From Wikipedia, the free encyclopedia
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]
The Hang Seng China-Affiliated Corporations Index (HSCCI) is a stock market index of 25 red chip companies.
As of 30 September 2020[update], there were 267 red chip companies, including:[2]
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.