S chip
{{Short description|Chinese companies listed on the Singapore Exchange}}
S chips ({{zh|c=Sè‚¡}}) 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|date=July 2018}} 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.{{cite web|last=Green |first=Kirsty |url=https://www.wsj.com/articles/SB123668027115082001 |title=Where the S-Chips Fall - WSJ |publisher=Online.wsj.com |date=2009-03-10 |access-date=2015-03-14}} The main difference between S chips and P chips is the exchange on which they are traded.{{Citation needed|date=March 2023}}
An index that covers the prices of S-Chips is the FTSE ST China Index.[http://www.ftse.com/Indices/FTSE_ST_Index_Series/index.jsp FTSE ST Index Series] {{webarchive|url=https://web.archive.org/web/20091026042334/http://www.ftse.com/Indices/FTSE_ST_Index_Series/index.jsp |date=2009-10-26 }} 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.