Hong Kong Stock Exchange · Consumer Cyclical
Invest in Lung Fung Group stock from India
Indian and foreign residents can buy Lung Fung Group (2290) shares directly through Paasa.
By Paasa · Updated
Lung Fung Group at a glance
- Price
- HK$4.18-HK$0.02 (0.48%)
- Market cap
- HK$2.09B
- Day range
- HK$4.12 – HK$4.37
- P/E
- —
- Dividend yield
- None
- Volume
- 1.30M
How to invest in Lung Fung Group 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 2290 and buy
Find Lung Fung Group by name or by its ticker, 2290, 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 Lung Fung Group from India
What Lung Fung Group does
Lung Fung Group Holdings Limited, through its subsidiaries, sells beauty, health and pharmaceutical products. It offers Chinese and western medicines, health supplements, medical supplies, beauty and skincare products, cosmetics, baby and maternity products, food, fragrances, personal care, and pet food and household daily necessities goods. Lung Fung Group operates in the Department Stores industry within the Consumer Cyclical 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 Lung Fung Group stock from India?
Yes. Indian residents and NRIs can buy Lung Fung Group (2290) shares directly through Paasa. Lung Fung Group is listed on the Hong Kong Stock Exchange, in the Department Stores 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 Lung Fung Group 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$4.18 a share, size the order by the lot, not by the share.
What tax do I pay in India when I sell Lung Fung Group 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.
Would my heirs owe estate tax on Lung Fung Group shares?
Hong Kong has no estate duty. That is the source-country side; the shares themselves pass on like any other asset you hold in your own name.