Red chip

For the token used by Alcoholics Anonymous members, see Sobriety coin.

Red chips stocks (simplified Chinese: 红筹股; traditional Chinese: 紅籌股; pinyin: hóngchóugǔ) are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. These businesses are based in mainland China and controlled, either directly or indirectly, by the central, provincial or municipal governments of the Peoples' Republic of China but listed in Hong Kong to allow overseas investment in the companies.

The term was coined by Hong Kong economist Alex Tang in 1992 and is a play on term blue chip stocks with the word "red" representing the Peoples' Republic of China and the Chinese Communist Party.

Stock index of red chips

The "Hang Seng China-Affiliated Corporations Index"^[1] covers prices of red chips.^[2] As of February 2015, there are 25 red chips that compose this index (simplified Chinese: 恒生香港中资企业成分股; traditional Chinese: 恆生香港中資企業成份股; pinyin: héngshēng Xiānggǎng zhōngzī qǐyè chéngfèn):

Corporation name	Stock symbol
Yuexiu Property	(SEHK: 123)
Kunlun Energy	(SEHK: 135)
China Merchants Holdings (International)	(SEHK: 144)
China Everbright Limited	(SEHK: 165)
China Everbright International Ltd.	(SEHK: 257)
CITIC Limited	(SEHK: 267)
Guangdong Investment	(SEHK: 270)
China Resources Enterprise	(SEHK: 291)
Shanghai Industrial Holdings	(SEHK: 363)
Beijing Enterprises Water Group	(SEHK: 371)
Beijing Enterprises	(SEHK: 392)
China Overseas Land and Investment	(SEHK: 688)
China Unicom	(SEHK: 762)
Franshion Properties	(SEHK: 817)
China Resources Power	(SEHK: 836)
CNOOC	(SEHK: 883)
China Mobile	(SEHK: 941)
China Taiping Insurance	(SEHK: 966)
Lenovo Group	(SEHK: 992)
CSPC Pharmaceutical Group	(SEHK: 1093)
China Resources Land	(SEHK: 1109)
Brilliance China Auto	(SEHK: 1114)
China Resources Gas	(SEHK: 1193)
COSCO Pacific	(SEHK: 1199)
China Resources Cement	(SEHK: 1313)

References

Economy of Hong Kong

History	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 Tai-pan Poverty Campaign: Speak Up Pearl River Delta

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Industry and Business	List of companies of Hong Kong Agriculture and aquaculture in Hong Kong CSI Cross-Straits 500 Index Hong Kong Export Credit Insurance Corporation

Government agencies	Hong Kong Trade Development Council Hong Kong Monetary Authority Inland Revenue Department Agriculture, Fisheries and Conservation Department

Employment and Tax	Employment in Hong Kong Estate Duty Ordinance Goepfert case Inland Revenue Ordinance Partnership taxation Profits tax Rates (tax) SDO s45 Transfer between associated bodies corporate Salaries tax Minimum Wage Ordinance Stamp Duty Ordinance Stamp duty Goods and Service Tax

Infrastructure and Transport	Port of Hong Kong Hong Kong–Zhuhai–Macau Bridge

Rankings	International rankings of Hong Kong

Finance and Banking	Hong Kong Futures Exchange Hong Kong Exchanges and Clearing Securities and Futures Commission Hong Kong Stock Exchange Hong Kong Securities Institute Linked exchange rate P Chips Frauds Red chips Electronic Payment Services Growth Enterprise Market Hong Kong Mercantile Exchange Hang Seng Index

Agreements	CEPA Ship Registration in Hong Kong Outward Processing Arrangement

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Other	Water supply in Hong Kong Individual Visit Scheme Economic freedom

See also: Economy of Macau Economy of Asia

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Red chip

Stock index of red chips

See also

References