Meaning of “red chip” in the English Dictionary

"red chip" in Business English

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red chipnoun [ C ]

uk us also red chip company STOCK MARKET

a share in a Chinese company that is traded on the Hong Kong stock market:

Red chips fell heavily on Monday.
adjective [ before noun ]

The red-chip index rose 4.93% to 725.57.

(Definition of “red chip” from the Cambridge Business English Dictionary © Cambridge University Press)