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    • Source: 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.


      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



      As of 30 September 2020, there were 267 red chip companies, including:

      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

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