China Changbaishan International Holdings Limited
China Changbaishan International Holdings Limited (HKSE: 989) is trading at HK$0.60, about ₹7 at today's HKD/INR rate, as of 25 Sep 2026, 1:23 AM ET, up 20.00% today. Indian residents can buy China Changbaishan International from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.49
Today's high
HK$0.60
52 week low
HK$0.39
52 week high
HK$0.98
989 opened at HK$0.49, closed previously at HK$0.50, and has traded between HK$0.39 and HK$0.98 over the past 52 weeks.
About
Hua Yin International Holdings Limited operates as an investment holding company, primarily engaged in real estate development, property management, and property investment within the People's Republic of China. Its business activities are structured into two principal segments: Property Development and Management, and Property Investment. The Development and Management division is responsible for the construction of properties and provides a comprehensive suite of management services, encompassing strategic planning, architectural design, budget formulation, securing necessary licenses, contract tendering, and administrative oversight. Simultaneously, the Property Investment segment acquires and retains various real estate assets, such as retail units in shopping centers, for sustained investment returns and leasing income. Additionally, the company participates in real estate rental supervision and ventures into tourism development and management. Founded in 1990, the firm, initially known as Ground International Development Limited, adopted its current name, Hua Yin International Holdings Limited, in March 2021. The company's headquarters are located in Wan Chai, Hong Kong, and it functions as a subsidiary of Ka Yik Investments Limited.
Key statistics
Avg. volume
151.32K
Market cap
HK$216.11M
P/E Ratio
1.52
Price-to-sales ratio
3.54
Enterprise value
CN¥416.72M
Free cash flow yield
-25.02%
Debt-to-equity ratio
-0.49
Return on equity
-20.76%
ROIC
9.44%
Beta
0.92
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥50.84M
Earnings per share
CN¥0.32
Free cash flow
-CN¥42.75M
Net profit margin
227.47%
Gross margin
6.24%
EBITDA
-CN¥19.18M
Revenue growth
-72.72%
Similar securities
This is not an investment recommendation
How to buy China Changbaishan International from India
Indian residents can buy China Changbaishan International 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 Changbaishan International and place an order
Find China Changbaishan International by name or by its ticker, 989, 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 Changbaishan International trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your China Changbaishan International position in HKD and INR. China Changbaishan International 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 Changbaishan International from India
Trading and taxes when buying China Changbaishan International 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 Changbaishan International does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.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 Changbaishan International stock?
Yes. China Changbaishan International (989) has been listed on the Hong Kong Stock Exchange since 1997, in the Real Estate - Development 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 Changbaishan International share cost in rupees?
One China Changbaishan International share is HK$0.60 — about ₹7 at an HKD/INR rate of 12.23 on 25 Sep 2026. Both the China Changbaishan International 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 Changbaishan International 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 Changbaishan International?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on China Changbaishan International 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 Changbaishan International price. Paasa issues a capital-gains statement for your return.
Does China Changbaishan International pay a dividend?
No. China Changbaishan International 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 Changbaishan International 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 Changbaishan International shares held from India?
Hong Kong has no estate duty.
Do I have to declare China Changbaishan International 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 Changbaishan International holding, its cost and its closing value.
How do I sell China Changbaishan International 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.