Hong Kong Stock Exchange · Technology
Invest in Anker Innovations Technology stock from India
Indian and foreign residents can buy Anker Innovations Technology (668) shares directly through Paasa.
By Paasa · Updated
Anker Innovations Technology at a glance
- Price
- HK$115.00-HK$0.40 (0.35%)
- Market cap
- HK$5.76B
- Day range
- HK$113.30 – HK$120.00
- P/E
- 21.66
- Dividend yield
- 0.81%
- Volume
- 144.40K
- 1 month
- -10.71%
- 6 months
- +0.09%
- YTD
- +0.09%
- 1 year
- +0.09%
- 5 years
- +0.09%
How to invest in Anker Innovations Technology from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to HKD when you buy.
Step 3
Search 668 and buy
Find Anker Innovations Technology by name or by its ticker, 668, and place your order. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
Why invest in Anker Innovations Technology from India
What Anker Innovations Technology does
Anker Innovations Technology Co., Ltd. is a consumer electronics company engaged in the research, development, design, and sales of its own brand of mobile device peripherals and smart hardware products. Its main offerings include charging products, smart innovation products like security and cleaning systems, and smart audio/video products like speakers and projectors. Anker Innovations Technology operates in the Consumer Electronics industry within the Technology sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Anker Innovations Technology stock from India?
Yes. Indian residents and NRIs can buy Anker Innovations Technology (668) shares directly through Paasa. Anker Innovations Technology is listed on the Hong Kong Stock Exchange, in the Consumer Electronics industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Anker Innovations Technology share?
Usually more than one, and not a fraction: many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. At HK$115.00 a share, size the order by the lot, not by the share.
How are Anker Innovations Technology dividends taxed for Indian investors?
Anker Innovations Technology trades on the Hong Kong Stock Exchange but is domiciled in China, so any withholding on its dividends follows that country's rules rather than those of Hong Kong. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Anker Innovations Technology shares?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the HKD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.