red chip

red chip　红筹公司　

Companies which are based in mainland China and controlled，either directly or indirectly，by the central，provincial or municipal governments of the Peoples’Republic of China，and incorporated outside mainland China and listed in Hong Kong to allow overseas investment in the companies.The term was coined in 1992and is a play on term blue chip stocks with the word“red”representing the Peoples’Republic of China and the Chinese Communist Party.