Chinese companies rush to dismantle ‘red-chip’ structures, FT reports
10/06/2026 05:14
Chinese companies rush to dismantle ‘red-chip’ structures, FT reports June 10 (Reuters) - Groups including Tencent-backed AI start-up StepFun and fast-food chain Home Original Chicken have rushed to dismantle their "red-chip" structures ahead of planned overseas listings following Beijing's tighter scrutiny of foreign capital, the Financial Times reported on Wednesday.
Reuters could not immediately verify the report.
Red-chip firms are registered abroad, mainly in tax havens, but hold assets and businesses in China via equity ownership.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Tom Hogue)
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