什麼是“紅籌”，中國國企為何在香港股市如此一件大事？(2/2)

Recently Yahoo Finance on-line reported the following:

What are 'red chips', and why are China's state-owned companies such a big deal in Hong Kong's stock market? (2/2)

Wed, June 29, 2022 at 2:30 AM

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China Overseas Land & Investment

China Overseas Land & Investment (COLI) is the listed property arm of China Overseas Holdings, which was set up in Hong Kong in 1979 by the China State Construction Engineering Corporation.

China Overseas Holdings carried out its first large-scale government project in 1982, constructing a water pipeline from Muk Wu to Tai Lam Chung. It later built other iconic projects in the city, including three sites in Hong Kong Disneyland and Hong Kong International Airport.

In 1985, it stepped into residential development in Hong Kong with its maiden project in Tai Po, New Territories, known as Treasure Garden.

COLI was listed in August 1992, banking first on the mainland housing market that was about to take off big time. Today, it is still actively acquiring land in Hong Kong, with four projects in Kai Tak, the site of the city's former international airport.

COLI last traded at HK$24.25 on June 28, commanding a market value of HK$265.41 billion.

Citic

Vice-president Rong Yiren established China International Trust and Investment Corporation, the forerunner to Citic, in the 1970s as a key platform for foreign and domestic investment, and to spearhead state investment overseas.

It established Citic Hong Kong (Holdings) in 1987 as the conglomerate's Hong Kong operation, and got it listed through the acquisition of Tylfull, a company which itself went public on the Hong Kong stock exchange in 1986. Citic is now the holding company of all the Hong Kong assets of the Beijing-based conglomerate.

The group jointly developed Discovery Bay, a wealthy enclave, with local partner HKR International. It also owns Dah Chong Hong, a consumer goods distributor and retailer that has since expanded into motor dealerships and logistics warehouses.

The group's financial services arm, Citic Securities, also took full control of CLSA, a Hong Kong investment bank, in 2013.

Shares of Citic traded at HK$8.15 on June 28, giving it a market value of HK$237.08 billion.

China Resources Beer

China Resources Beer (CR Beer) is also a Hong Kong-listed unit of the state-owned conglomerate China Resources (Holdings).

The brewer assumed the listing status China Resources Enterprises in 1992. Its predecessor first ventured into the brewery business by teaming up with state-owned Shenyang Beer Company in 1993.

It later expanded into other businesses including concrete, supermarket chains, and retail. The joint-venture Shenyang brewery known as Snowflake Brewery, meanwhile, kept growing and became the bestselling beer in China by sales in 2005 and worldwide in 2008.

In 2015, the group sold off its non-beer assets to concentrate on its brewery business. Three years later, CR Beer partnered with the world's second-largest brewer, Heineken Group, absorbing six of the Dutch group's breweries in mainland China. It was also licensed to produce Heineken for the mainland, Hong Kong and Macau markets.

CR Beer last traded at HK$56.35 on June 28, giving it a market value of HK$182.80 billion.

Translation

(繼續)

中國海外發展

中國海外發展（COLI）是中國海外控股的上市房地產部門，該公司由中國建築工程總公司於1979年在香港成立。

1982年，中國海外控股進行了第一個大型政府項目，建設了一條從木湖到大欖湧的輸水管道。後來，它在該市建造了其他標誌性項目，包括香港迪士尼樂園的三個地點和香港國際機場。

1985年，進軍香港住宅發展，其首個項目位於新界大埔，名為海寶花園。

中國海外於 1992 年 8 月上市，率先涉足即將騰飛的內地房地產市場。時至今日，它仍在積極收購香港土地，在香港前國際機場所在地啟德擁有四個項目。

中國海外發展於6月28日最後交易價為24.25港元，市值為2,654.1億港元。

 中信

1970年代，榮毅仁副總裁成立了中信的前身中國國際信託投資公司，作為國內及國外投資的重要平台，引領國家對外投資。

1987年它成立中信香港（控股）作為集團在香港的業務，並通過收購Tylfull上市，Tylfull本身於1986年在香港證券交易所上市。中信現在是所有香港資產的控股公司, 一個總部位於北京的企業集團。

該集團與本地合作夥伴香港興業國際共同開發愉景灣, 一個富豪聚集地。它還擁有消費品分銷商和零售商大昌行，該公司後來擴展到汽車經銷商和物流倉庫。

該集團的金融服務部門中信證券亦於 2013 年全面控制了香港投資銀行里昂證券。

6月28日，中信股份報8.15港元，市值2,370.8億港元。

華潤啤酒

華潤啤酒（CR Beer）也是國有企業集團華潤（控股）在香港上市的子公司。

1992年，啤酒業務以華潤控股掛牌上市，其前身於1993年與國有沈陽啤酒公司合作，首次涉足啤酒行業。

後來它擴展到其他業務，包括混凝土、連鎖超市和零售。與此同時，与沈陽啤酒合資的叫雪花啤酒不斷發展壯大，2005年成為中國銷量第一、2008年全球銷量第一的啤酒。

2015年，集團出售了非啤酒資產，專注於啤酒業務。三年後，華潤啤酒與全球第二大啤酒製造商喜力集團合作，吸納了荷蘭集團在中國大陸的六家啤酒廠。它還獲得了為大陸、香港和澳門市場生產喜力啤酒的許可。

華潤啤酒在 6 月 28 日最後交易價為 56.35 港元，市值為 1,828 億港元。

       So, China's state-owned enterprises (SOEs) have made their presence felt in Hong Kong over the past 25 years. Some of their major businesses and brands are household names to the locals. Many of these SOEs have also tapped into the city's capital market for funds and stock listings. They are the so-called Chinese red-chip stocks, or Hong Kong-listed, government-owned or controlled entities incorporated outside the mainland.