S chip
S chips (Chinese: S股) are Chinese companies listed on the Singapore Exchange. Their shares are known as S shares. S chips are incorporated in Singapore, the British Virgin Islands, the Cayman Islands and Bermuda[citation needed] and have their business operations in mainland China.
Some S chips were beset by corporate governance and accounting problems, resulting in reputational issues that led to share price declines in 2009.[1] The main difference between S chips and P chips is the exchange on which they are traded.[citation needed]
An index that covers the prices of S-Chips is the FTSE ST China Index.[2] From January 2008 to October 2009, the FTSE ST China Index had a return of −60%, as opposed to a return of −20% for the Hang Seng China Enterprises Index, which covers the prices of H shares.
See also
[edit]References
[edit]- ↑ Green, Kirsty (2009-03-10). "Where the S-Chips Fall - WSJ". Online.wsj.com. Retrieved 2015-03-14.
- ↑ FTSE ST Index Series Archived 2009-10-26 at the Wayback Machine