Red chip
Red chips stocks 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 People's 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 People's Republic of China and the Chinese Communist Party.The Hang Seng China-Affiliated Corporations Index is a stock market index of 25 red chip companies.Other red chips
there were 152 red chip companies
