Chinese companies rush to dismantle ‘red-chip’ structures, FT reports

Tencent Holdings

10/06/2026 05:14

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)
 ((GursimranKaur.Mehar@thomsonreuters.com;))