Red chips stocks (simplified Chinese: 红筹股; traditional Chinese: 紅籌股; pinyin: hóngchóugǔ; Cantonese Yale: hung4 chau4 gu2) 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.[1]
The Hang Seng China-Affiliated Corporations Index[2] covers prices of Red Chips.
26 red chips compose the Hang Seng China-Affiliated Corporations 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 |
|---|---|
| Poly (Hong Kong) Investments | (SEHK: 119) |
| Yuexiu Property | (SEHK: 123) |
| Kunlun Energy | (SEHK: 135) |
| China Merchants Holdings (International) | (SEHK: 144) |
| Denway Motors | (SEHK: 203) |
| Guangdong Investment | (SEHK: 270) |
| China Resources Enterprise | (SEHK: 291) |
| Sinofert | (SEHK: 297) |
| Shanghai Industrial Holdings | (SEHK: 363) |
| Beijing Enterprises | (SEHK: 392) |
| China Agri-Industries Holdings | (SEHK: 606) |
| China Overseas | (SEHK: 688) |
| China Unicom | (SEHK: 762) |
| Franshion Properties | (SEHK: 817) |
| China Resources Power | (SEHK: 836) |
| Tianjin Development | (SEHK: 882) |
| CNOOC | (SEHK: 883) |
| China Netcom | (SEHK: 906) |
| China Mobile | (SEHK: 941) |
| China Taiping Insurance | (SEHK: 966) |
| Lenovo Group | (SEHK: 992) |
| China Resources Land | (SEHK: 1109) |
| COSCO Pacific | (SEHK: 1199) |
| China Resources Cement | (SEHK: 1313) |
| Sino-Ocean Land | (SEHK: 3377) |
| Sinotruk (Hong Kong) | (SEHK: 3808) |
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