Finance:P chip
From HandWiki
The term P chip (Chinese: P股) refers to Chinese companies listed on the Hong Kong Stock Exchange which are incorporated in the Cayman Islands, Bermuda and the British Virgin Islands with operations in mainland China, and are run by private sector Chinese businessmen. During the financial crisis of 2007–2010, P chips showed a dramatic increase in the rate of bankruptcy failures as compared to H shares or red chips.
Since the main difference among private sector Chinese companies incorporated abroad is the exchange in which they are listed, the following terms are used to differentiate them:
- P chip if traded in Hong Kong (P stands for "private").
- S chip if traded in Singapore.
- N share if traded in the NYSE, NASDAQ, or the AMEX.
- L share if traded in London.
Therefore, the main difference between P chips and S chips is the exchange on which they are traded.
However, a few market participants may use the term "P chips" to refer to the entire universe of private sector Chinese companies incorporated abroad, regardless of the exchange in which they are traded. Therefore, these market participants may refer to S chips or N shares as P chips.
An index that covers prices of P chips is the MSCI P Chip Index.[1]
Recent IPOs of P chips
As of August 2010
- Bright Smart Securities & Commodities Group Ltd. [1428] (Cayman Islands) (25/08/2010)
- West China Cement Ltd. [2233] (Jersey) (23/08/2010) (It is also an L share)
- Infinity Chemical Holdings Co. Ltd. [640] (Cayman Islands) (12/08/2010)
- Manta Holdings Co. Ltd. [936] (Cayman Islands) (19/07/2010)
- China ITS (Holdings) Co., Ltd. [1900] (Cayman Islands) (15/07/2010)
- Tian Shan Development (Holding) Ltd. [2118] (Cayman Islands) (15/07/2010)
- Convoy Financial Services Holdings Ltd. [1019] (Cayman Islands) (13/07/2010)
- Chiho-Tiande Group Ltd. [976] (Cayman Islands) (12/07/2010)
- Sinoref Holdings Ltd. [1020] (Cayman Islands) (07/07/2010)
- Chaowei Power Holdings Ltd. [951] (Cayman Islands) (07/07/2010)
- Trauson Holdings Co. Ltd. [325] (Cayman Islands) (29/06/2010)
- China Liansu Group Holdings Ltd. [2128] (Cayman Islands) (23/06/2010)
Partial list of suspended or delisted P chips
This list includes name of company, stock symbol, and place of incorporation. The Hong Kong Exchange might have reassigned to other companies the stock symbols in this list.
- Asia Aluminum (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Bep International (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Fu Ji Food and Catering (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- Peace Mark (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Smart Union (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- Tack Fat (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- U-right International (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- A-S China Plumbing Products Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- ABC Communications (Holdings) Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Automated Systems Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- China Information Technology Development Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- China Jin Hui Mining Corporation Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- China Medical and Bio Science Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- China Nickel Resources Holdings Co. Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- China Packaging Group Co. Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- China Post E-Commerce (Holdings) Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- China Star Film Group Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- China Trends Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- CIL Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Climax International Co. Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- EganaGoldpfeil (Holdings) Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- Extrawell Pharmaceutical Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Grand Field Group Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Hong Kong Resources Holdings Co. Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Info Communication Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- Jackin International Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Kith Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- M Dream Inworld Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- Mitsumaru East Kit (Holdings) Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- Nam Fong International Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Nam Hing Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- New City (China) Development Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- Ngai Lik Industrial Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Ocean Grand Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Pan Asia Mining Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- Pan Sino International Holding Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- Peaktop International Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Prosten Technology Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- QPL International Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- Rojam Entertainment Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- SMI Publishing Group Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
- Wai Chun Group Holdings Ltd. (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Bermuda)
- former suspended companies
- Warderly International Holdings (SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".) (Cayman Islands)
References
See also
- Chip
- A share
- B share
- H share
- Blue chip
- Red chip
- Green chip
- S chip
- N share
- L share
- G share
- China Concepts Stock
- P chips frauds
- S chips scandals
- China Stock Frauds
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