Singapore Exchange · Technology
Invest in Zhongji Innolight stock from India
Indian and foreign residents can buy Zhongji Innolight (HZJD) shares directly through Paasa.
By Paasa · Updated
Zhongji Innolight at a glance
- Price
- S$1.07-S$0.04 (3.60%)
- Market cap
- S$125.16B
- Day range
- S$1.07 – S$1.14
- P/E
- —
- Dividend yield
- None
- Volume
- 382.00K
How to invest in Zhongji Innolight 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 SGD when you buy.
Step 3
Search HZJD and buy
Find Zhongji Innolight by name or by its ticker, HZJD, and place your order.
Why invest in Zhongji Innolight from India
What Zhongji Innolight does
Zhongji Innolight Co., Ltd. research and development, design, manufacturing, and sales of high-speed optical transceivers in China, United States, Singapore, Netherlands, United Kingdom, and Hong Kong. The company offers products, such as a comprehensive portfolio of optical transceivers from 10G to 1.6T, including modules for 400G, 800G, and 1.6T applications; components in optical transceivers and related optical communication equipment, including Transistor Outline Can (TO-CAN) packaged components; and in-vehicle optical transmission solutions for fiber to the vehicle (FTTV) deployment. Zhongji Innolight operates in the Communication Equipment 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 Zhongji Innolight stock from India?
Yes. Indian residents and NRIs can buy Zhongji Innolight (HZJD) shares directly through Paasa. Zhongji Innolight is listed on the Singapore Exchange, in the Communication Equipment industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
How are Zhongji Innolight dividends taxed for Indian investors?
Zhongji Innolight trades on the Singapore Exchange but is domiciled in China, so any withholding on its dividends follows that country's rules rather than those of Singapore. 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 Zhongji Innolight shares?
Singapore does not levy capital gains tax on the sale of shares, ETFs or REITs. 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 SGD/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.