name: Hang Seng Hong Kong Chinese Enterprises Index
The Hang Seng China-Affiliated Corporations Index (Hang Seng China-Affiliated Corporations Index) is a stock index of red chips on the Hong Kong Stock Exchange. Red chips are companies listed on stock exchanges, which are incorporated outside of mainland China (Bermuda, Cayman Islands or Hong Kong), but the majority of the shares are owned by the central or regional government of China. As of February 2015, a total of 25 red chips constitute the Hang Seng Hong Kong Chinese Enterprises Index.
In the past, the constituent stocks of the Hang Seng China Affiliated Companies Index did not cross the H-share Hang Seng China Enterprises Index because H-shares and red chip companies did not cross. However, in August 2017, it was announced that the top red chip companies may be included in the Hang Seng China Subsidiary Index in 2018. Some constituent stocks of the Hang Seng China Subsidiary Index are also constituent stocks of the Hang Seng Index (blue chip index). In the past, they were called purple-chips.
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