China CITIC Bank Corporation Limited
China CITIC Bank Corporation Limited (HKSE: 998) is trading at HK$8.48, about ₹104 at today's HKD/INR rate, as of 29 Sep 2026, 4:08 AM ET, down 1.91% today. Indian residents can buy China CITIC Bank from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$8.45
Today's high
HK$8.70
52 week low
HK$6.50
52 week high
HK$8.70
998 opened at HK$8.65, closed previously at HK$8.65, and has traded between HK$6.50 and HK$8.70 over the past 52 weeks.
About
Operating both within the People's Republic of China and globally, China CITIC Bank Corporation Limited delivers a comprehensive suite of banking solutions. Its operations are strategically structured into Corporate Banking, Personal Banking, and Treasury Management divisions. The bank facilitates deposit accounts, extends credit through corporate and personal loans, and offers various financial facilities including securities brokerage, funds transfer and clearing, guarantee issuance, investment banking, and cross-border financial assistance. Furthermore, it is actively involved in capital markets and inter-bank activities, encompassing money market transactions, repurchase agreements, diverse investments, and the trading of debt instruments, alongside managing derivatives and foreign exchange transactions. Complementing these, its offerings extend to asset management, financial leasing, and a spectrum of other non-banking financial provisions. Its diverse clientele spans corporate entities, governmental bodies, non-financial organizations, as well as individual clients and small to medium-sized businesses. As of December 31, 2021, the bank maintained a substantial physical footprint with 1,415 branches (comprising 37 top-tier, 126 second-tier, and 1,252 sub-branches), supplemented by 1,569 self-service banking units, 5,398 self-service terminals, and 9,078 intelligent teller machines. Established in 1987, the institution is headquartered in Beijing, People's Republic of China, and operates as a subsidiary under CITIC Corporation Limited.
Key statistics
Avg. volume
26.45M
Market cap
HK$471.87B
P/E Ratio
7.05
Price-to-sales ratio
1.67
Enterprise value
CN¥3.06T
Free cash flow yield
0.53%
Debt-to-equity ratio
3.94
Return on equity
9.34%
ROIC
0.70%
Beta
0.02
Dividend yield
4.22%
Last dividend
HK$0.43
Financial overview
Revenue
CN¥347.02B
Earnings per share
CN¥1.18
Free cash flow
CN¥67.55B
Net profit margin
23.85%
Gross margin
53.26%
EBITDA
CN¥87.30B
Revenue growth
-7.68%
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This is not an investment recommendation
How to buy China CITIC Bank from India
Indian residents can buy China CITIC Bank 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 CITIC Bank and place an order
Find China CITIC Bank by name or by its ticker, 998, 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 CITIC Bank trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your China CITIC Bank 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 CITIC Bank from India
Trading and taxes when buying China CITIC Bank 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 CITIC Bank’s current yield is 4.22%.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 CITIC Bank stock?
Yes. China CITIC Bank (998) has been listed on the Hong Kong Stock Exchange since 2007, in the Banks - Regional 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 CITIC Bank share cost in rupees?
One China CITIC Bank share is HK$8.48 — about ₹104 at an HKD/INR rate of 12.25 on 28 Sep 2026. Both the China CITIC Bank 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 CITIC Bank 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 CITIC Bank?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on China CITIC Bank 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 CITIC Bank price. Paasa issues a capital-gains statement for your return.
Does China CITIC Bank pay a dividend, and how is it taxed in India?
Yes. China CITIC Bank pays a dividend and the current yield is 4.22%; the last declared dividend was HK$0.43 per share, about ₹5.23. 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 CITIC Bank 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 CITIC Bank a Hong Kong SAR China company, and does that change how it is taxed?
China CITIC Bank trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. China CITIC Bank 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 CITIC Bank 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 CITIC Bank holding, its cost and its closing value.
How do I sell China CITIC Bank 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.