Red Chip

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Red Chip

A stock in a company operating in the People's Republic of China that trades on the Hong Kong Stock Exchange. Generally speaking, only Chinese citizens are allowed to invest on Chinese stock exchanges. Red chips are therefore separately incorporated in Hong Kong in order to allow foreign investment in Chinese companies. The term refers to the color red, which is the official color of the Communist party.
References in periodicals archive ?
Witches brew, blood red chips and gruesome graveyard pizza are on the menu at The Beach House bistro in Roker as part of a week of spine-tingling treats.
Piles of red chips were used to replace sections originally laid with grey asphalt.
The firm has recently increased its presence in Asia with the launch of several indices for the region, such as the STOXX Asia Indices and the STOXX China Indices for A-, B- and H-shares, as well as Red Chips.
Researchers found that the red chips served as subconscious "stop signs" that curtailed the amount of food consumed.
Chipmaker Epistar projects its production of red chips to reach full capacity in April at the earliest, and with production capacity rate for blue chips to reach 90% then.
Students pay for blue chips with dollars, red chips with yen, and dollars with yen.
Stocks included in the index are H-Shares and Red Chips.
These include the nearly 200 H-share and red-chip companies listed on The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of HKEx, stock futures and stock options on individual H shares and red chips, H-shares Index Futures and H-shares Index Options.
Red chips, or China plays in the Hang Seng Index, had among the lowest payout ratios in 1998.
The Hang Seng China-Affiliated Corporations Index, which traces red chips -- locally listed companies backed by Chinese government entities -- shed 22.
Ricky Tam, an analyst for Delta Asia, said red chips are enjoying run-up due in part to speculation that the Chinese government is shifting state-owned businesses to the control of publicly traded investment companies.
OSRAM has achieved this enormous increase in brightness by designing the new red chips to handle higher currents.