S chips also known as S-Shares, is a term that refers to Chinese companies listed on the Singapore Exchange

Singapore Exchange

Singapore Exchange Limited is an investment holding company located in Singapore and providing different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges FederationSingapore Exchange...

. S-Chips are incorporated in Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

, the British Virgin Islands

British Virgin Islands

The Virgin Islands, often called the British Virgin Islands , is a British overseas territory and overseas territory of the European Union, located in the Caribbean to the east of Puerto Rico. The islands make up part of the Virgin Islands archipelago, the remaining islands constituting the U.S...

, the Cayman Islands

Cayman Islands

The Cayman Islands is a British Overseas Territory and overseas territory of the European Union located in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica...

 and Bermuda

Bermuda

Bermuda is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States, its nearest landmass is Cape Hatteras, North Carolina, about to the west-northwest. It is about south of Halifax, Nova Scotia, Canada, and northeast of Miami, Florida...

 and have their business operations in mainland China. During the Financial crisis of 2007–2010, many S-Chips were tainted by corporate scandals

S-Chips Scandals

S-Chips Scandals relates to corporate scandals surrounding Chinese companies listed on the Singapore Exchange. Embezzlement, forgery, accounting fraud had been the order of the day. Frauds were perpetrated by Chinese citizens and facilitated by mostly Singaporean and Malaysian securities promoters...

.

The main difference between S-Chips and P-Chips

P chip

The term P chip 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...

 is the exchange on which they are traded.

An index that covers the prices of S-Chips is the FTSE ST China Index. 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

• A share
  A share (mainland China)
  A shares are specialized shares of the [Renmembi]]currency that are purchased and traded on the Shanghai and Shenzhen stock exchanges.This is contrast to Renmembi B shares which are owned by foreigners who cannot purchase A-shares due to Chinese government restrictions.-See also:* A share * B...
  
  
• B share
  B share
  B share can refer to various terms relating to stock classes:* B shares, a class of stock on the Shanghai and Shenzhen stock exchanges* B shares, a class of stock on the New York Stock Exchange-See also:* B share* H share* Red chip* P chip* S chip...
  
  
• H share
  H share
  H shares In mainland China, the shares are referred to as H股 H shares, whilst in Hong Kong, they are called 恒生中國企業指數, literally Hang Seng China Enterprises Index. refers to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange...
  
  
• Red chip
  Red chip
  Red chips stocks are the stocks of mainland China companies incorporated outside mainland China and listed in Hong Kong. The actual business is based in mainland China and controlled, either directly or indirectly, by the central, provincial or municipal governments of the Peoples' Republic of China...
  
  
• P chip
  P chip
  The term P chip 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...
  
  
• S chip
• Blue chip
• N share
  N share
  N-Shares refers to Chinese companies listed on the NYSE, NASDAQ, or the American Stock Exchange. The term stands for New York. They may or may not be incorporated in China, but they have their main business operations in mainland China. Most of them are incorporated in Bermuda, the Cayman Islands,...
  
  
• L share
  L share
  L-Shares refers to Chinese companies listed on the London Stock Exchange. The listed companies are incorporated in the Cayman Islands, Bermuda, British Virgin Islands and Jersey, but they have their main business operations in mainland China....
  
  
• G share
  G share
  G shares refers to shares traded in the stock exchanges of mainland China that belong to companies that have accomplished stock right division reforms, and have regained business on the market...
  
  
• China Concepts Stock
  China Concepts Stock
  China Concepts Stock is a set of stock of companies whose assets or earnings have significant activities in Mainland China. The People's Republic of China is undergoing major financial transformation, many leading mainland-based companies choose to list themselves overseas to gain access to...
  
  
• P Chips Frauds
• S-Chips Scandals
  S-Chips Scandals
  S-Chips Scandals relates to corporate scandals surrounding Chinese companies listed on the Singapore Exchange. Embezzlement, forgery, accounting fraud had been the order of the day. Frauds were perpetrated by Chinese citizens and facilitated by mostly Singaporean and Malaysian securities promoters...
  
  
• China Stock Frauds
• Green Chip
  Green chip
  Green chip stocks are along the lines of "green" or earth friendly industry. These include:* Solar Energy* Wind Energy* Geothermal* Plug-in Hybrid Electric Vehicles* Organic Foods* Water* Carbon Trading* Waste-to-Energy* Smart Grid...