China Literature Limited
China Literature Limited (HKSE: 772) is trading at HK$20.00, about ₹245 at today's HKD/INR rate, as of 29 Sep 2026, 4:08 AM ET, up 2.72% today. Indian residents can buy China Literature from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$18.91
Today's high
HK$20.20
52 week low
HK$18.00
52 week high
HK$45.50
772 opened at HK$19.45, closed previously at HK$19.47, and has traded between HK$18.00 and HK$45.50 over the past 52 weeks.
About
China Literature Limited is a major investment holding company that manages a leading digital literature platform across the People's Republic of China. It strategically monetizes its extensive catalog of intellectual properties (IPs) through key online platforms, notably QQ Reading and Qidian, and also via its film and television production arm, New Classics Media. The company further extends its reach by operating proprietary content channels on partner distribution networks and licensing its content to external third parties. Its business model includes providing online paid reading services and adapting literary works into diverse entertainment formats. The company offers a full suite of services, encompassing digital reading experiences, comprehensive copyright commercialization, and the cultivation and brokerage of writers. Its technology-driven open platform facilitates access to text-based content through various digital mediums, including personal computers, the internet, and mobile devices. Beyond its core literary focus, China Literature Limited is also engaged in the production and distribution of television series, web series, and feature films, the licensing and distribution of film and television rights, general copyright licensing, the sale of physical books, and the development and operation of its own online games. Established in Shanghai, China, in 2002, China Literature Limited operates as a subsidiary of Tencent Holdings Limited.
Key statistics
Avg. volume
6.65M
Market cap
HK$20.22B
P/E Ratio
-11.80
Price-to-sales ratio
2.26
Enterprise value
CN¥28.67B
Free cash flow yield
-1.21%
Debt-to-equity ratio
0.01
Return on equity
-4.43%
ROIC
-4.48%
Beta
1.31
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥7.37B
Earnings per share
-CN¥0.76
Free cash flow
-CN¥365.16M
Net profit margin
-19.49%
Gross margin
48.22%
EBITDA
CN¥641.81M
Revenue growth
-9.30%
Similar securities
This is not an investment recommendation
How to buy China Literature from India
Indian residents can buy China Literature 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 Literature and place an order
Find China Literature by name or by its ticker, 772, 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 Literature trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your China Literature position in HKD and INR. China Literature pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in China Literature from India
Trading and taxes when buying China Literature 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
- NoneChina Literature does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.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 Literature stock?
Yes. China Literature (772) has been listed on the Hong Kong Stock Exchange since 2017, in the Internet Content & Information 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 Literature share cost in rupees?
One China Literature share is HK$20.00 — about ₹245 at an HKD/INR rate of 12.25 on 28 Sep 2026. Both the China Literature 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 Literature 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 Literature?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on China Literature 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 Literature price. Paasa issues a capital-gains statement for your return.
Does China Literature pay a dividend?
No. China Literature does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade China Literature 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 Literature a Hong Kong SAR China company, and does that change how it is taxed?
China Literature trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. China Literature 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 Literature 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 Literature holding, its cost and its closing value.
How do I sell China Literature 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.