China Water Affairs Group Limited
China Water Affairs Group Limited (HKSE: 855) is trading at HK$4.27, about ₹52 at today's HKD/INR rate, as of 29 Sep 2026, 4:08 AM ET, up 1.07% today. Indian residents can buy China Water Affairs from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$4.21
Today's high
HK$4.28
52 week low
HK$4.11
52 week high
HK$6.71
855 opened at HK$4.23, closed previously at HK$4.22, and has traded between HK$4.11 and HK$6.71 over the past 52 weeks.
About
China Water Affairs Group Limited, an investment holding company, engages in the water supply, environmental protection, and property businesses in the People's Republic of China. It operates through City Water Supply, Pipeline Direct Drinking Water Supply, Environmental Protection, Main Contractor Construction, and Property Development and Investment segments. The City Water Supply segment is involved in the provision of water supply operation and construction, installation and maintenance, and other services. Its Pipeline Direct Drinking Water Supply segment is involved in the provision of pipeline direct drinking water supply operations and construction, installation and maintenance services, and other services. The Environmental Protection segment engages in sewage treatment, drainage operation, construction services, solid and hazardous waste, environmental sanitation, and water environment management businesses. Its Main Contractor Construction segment is involved in the provision of municipal public construction services. The Property Development and Investment segment develops, sells, and invests in properties. It also involved in the development and infrastructure of sightseeing area; provision of water environmental renovation infrastructure; construction and operations in urban water treatment business, remediation and rural water improvement; and investment, construction, and operation of water conservation and hydropower related projects, as well as energy conservation and environmental protection and hotel operations. In addition, the company offers warehousing, storage, trading and distribution of oil related products. The company was formerly known as China Silver Dragon Group Limited and changed its name to China Water Affairs Group Limited in December 2004. China Water Affairs Group Limited was incorporated in 2003 and is headquartered in Wan Chai, Hong Kong.
Key statistics
Avg. volume
1.04M
Market cap
HK$6.94B
P/E Ratio
7.11
Price-to-sales ratio
0.67
Enterprise value
HK$29.02B
Free cash flow yield
5.63%
Debt-to-equity ratio
1.77
Return on equity
6.84%
ROIC
3.99%
Beta
0.49
Dividend yield
6.57%
Last dividend
HK$0.28
Financial overview
Revenue
HK$10.34B
Earnings per share
HK$0.61
Free cash flow
HK$0.00
Net profit margin
9.54%
Gross margin
34.43%
EBITDA
HK$3.83B
Revenue growth
-11.32%
Similar securities
This is not an investment recommendation
How to buy China Water Affairs from India
Indian residents can buy China Water Affairs 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 Water Affairs and place an order
Find China Water Affairs by name or by its ticker, 855, 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 Water Affairs trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your China Water Affairs 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 Water Affairs from India
Trading and taxes when buying China Water Affairs 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 Water Affairs’ current yield is 6.57%.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate 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 Water Affairs stock?
Yes. China Water Affairs (855) has been listed on the Hong Kong Stock Exchange since 2003, in the Regulated Water 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 Water Affairs share cost in rupees?
One China Water Affairs share is HK$4.27 — about ₹52 at an HKD/INR rate of 12.25 on 28 Sep 2026. Both the China Water Affairs 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 Water Affairs 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 Water Affairs?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on China Water Affairs 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 Water Affairs price. Paasa issues a capital-gains statement for your return.
Does China Water Affairs pay a dividend, and how is it taxed in India?
Yes. China Water Affairs pays a dividend and the current yield is 6.57%; the last declared dividend was HK$0.28 per share, about ₹3.43. 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 Water Affairs 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 there estate or inheritance tax on China Water Affairs shares held from India?
Hong Kong has no estate duty.
Do I have to declare China Water Affairs 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 Water Affairs holding, its cost and its closing value.
How do I sell China Water Affairs 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.