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Red Chip |
Also found in: Wikipedia | 0.01 sec. |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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