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)
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)

See also


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