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Red chip stocks () are the stocks of mainland China companies incorporated outside mainland China (often Hong Kong or a British Overseas Territory) and listed company in the Stock Exchange of Hong Kong. It refers to based in mainland China and with (majority) shares controlled either directly or indirectly by a government body. This controlling entity could be one or more combinations of the central, provincial or municipal mainland government, with the company listed in Hong Kong to allow private and overseas investment.
The term was coined by Hong Kong economist Alex Tang in 1992 and combines blue chip stocks with "red" representing the socialist economic philosophy of the People's Republic of China.
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