China Petroleum & Chemical Corporation
China Petroleum & Chemical Corporation (HKSE: 386) is trading at HK$4.46, about ₹55 at today's HKD/INR rate, as of 28 Sep 2026, 10:13 PM ET, down 1.00% today. Indian residents can buy China Petroleum & Chemical from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$4.45
Today's high
HK$4.54
52 week low
HK$3.98
52 week high
HK$5.70
386 opened at HK$4.54, closed previously at HK$4.50, and has traded between HK$3.98 and HK$5.70 over the past 52 weeks.
About
China Petroleum & Chemical Corporation, commonly referred to as Sinopec, is a prominent energy and chemical enterprise conducting operations across Mainland China, Singapore, and various international locations. Established in 2000, this Beijing-headquartered firm functions as a subsidiary of China Petrochemical Corporation. Sinopec's extensive business activities are structured into five core divisions: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others. Within its upstream segment, the company undertakes the exploration, development, and extraction of both crude oil and natural gas. For its downstream operations, Sinopec refines and purifies crude oil, subsequently manufacturing and marketing a comprehensive array of refined petroleum products. These products, which include gasoline and diesel fuels, are supplied to customers through the company's extensive network of oil depots, service stations, and via both wholesale and retail channels. In the chemical sector, Sinopec is a significant producer and distributor of petrochemicals and their derivatives. Its chemical product portfolio encompasses basic organic chemicals, synthetic resins, monomers and polymers used in synthetic fibers, synthetic rubber, and various chemical fertilizers. Beyond these primary areas, the corporation also participates in the international trade of petroleum products, natural gas, petrochemicals, and other chemical commodities. It is engaged in the development, production, and sale of specialized items such as catalyst products, lubricant base oils, polyester chips and fibers, plastics, and intermediate petrochemicals. Furthermore, Sinopec conducts research, development, manufacturing, and commercialization of ethylene and its downstream byproducts. The company also provides a range of technical and operational services, including geophysical exploration, drilling, surveying, logging, downhole operations, and construction. It manages critical infrastructure services like crude oil jetty operations and natural gas pipeline transmission. Additionally, Sinopec manufactures equipment for production and engages in investment management activities within the coal chemical industry.
Key statistics
Avg. volume
132.20M
Market cap
HK$744.26B
P/E Ratio
17.91
Price-to-sales ratio
0.23
Enterprise value
CN¥1.08T
Free cash flow yield
5.25%
Debt-to-equity ratio
0.75
Return on equity
4.29%
ROIC
3.48%
Beta
0.70
Dividend yield
3.78%
Last dividend
HK$0.23
Financial overview
Revenue
CN¥2.44T
Earnings per share
CN¥0.26
Free cash flow
CN¥33.78B
Net profit margin
1.27%
Gross margin
18.99%
EBITDA
CN¥110.18B
Revenue growth
-20.50%
Similar securities
This is not an investment recommendation
How to buy China Petroleum & Chemical from India
Indian residents can buy China Petroleum & Chemical shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for China Petroleum & Chemical and place an order
Find China Petroleum & Chemical by name or by its ticker, 386, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. China Petroleum & Chemical trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your China Petroleum & Chemical position in HKD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in China Petroleum & Chemical from India
Trading and taxes when buying China Petroleum & Chemical from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. China Petroleum & Chemical’s current yield is 3.78%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy China Petroleum & Chemical stock?
Yes. China Petroleum & Chemical (386) has been listed on the Hong Kong Stock Exchange since 2000, in the Oil & Gas Integrated industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one China Petroleum & Chemical share cost in rupees?
One China Petroleum & Chemical share is HK$4.46 — about ₹55 at an HKD/INR rate of 12.25 on 28 Sep 2026. Both the China Petroleum & Chemical price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying China Petroleum & Chemical from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of China Petroleum & Chemical?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on China Petroleum & Chemical shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the China Petroleum & Chemical price. Paasa issues a capital-gains statement for your return.
Does China Petroleum & Chemical pay a dividend, and how is it taxed in India?
Yes. China Petroleum & Chemical pays a dividend and the current yield is 3.78%; the last declared dividend was HK$0.23 per share, about ₹2.76. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade China Petroleum & Chemical from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is China Petroleum & Chemical a Hong Kong SAR China company, and does that change how it is taxed?
China Petroleum & Chemical trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. China Petroleum & Chemical trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare China Petroleum & Chemical shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your China Petroleum & Chemical holding, its cost and its closing value.
How do I sell China Petroleum & Chemical and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.