Industrial and Commercial Bank of China Limited
Industrial and Commercial Bank of China Limited (HKSE: 1398) is trading at HK$7.52, about ₹92 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, down 1.89% today. Indian residents can buy Industrial and Commercial Bank of China from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$7.49
Today's high
HK$7.62
52 week low
HK$5.56
52 week high
HK$7.77
1398 opened at HK$7.50, closed previously at HK$7.66, and has traded between HK$5.56 and HK$7.77 over the past 52 weeks.
About
Industrial and Commercial Bank of China Limited (ICBC), together with its affiliated entities, functions as a leading financial institution, delivering a broad spectrum of banking products and services both within the People's Republic of China and across global markets. Its activities are primarily structured into three distinct divisions: Corporate Banking, Personal Banking, and Treasury Operations. The Corporate Banking segment provides bespoke financial solutions to enterprises, governmental bodies, and other financial organizations, encompassing services such as corporate lending, trade financing, deposit facilities, institutional wealth management, custody arrangements, and various business intermediary services. Conversely, the Personal Banking segment caters to individual customers, offering products like personal loans, card services, deposit accounts, and personal wealth management and advisory services. The Treasury Operations segment is dedicated to managing the bank's liquidity through money market activities, investments in securities, foreign exchange dealings, and the management of derivative positions. Beyond these core areas, ICBC also furnishes e-banking platforms, investment banking expertise, financial leasing options, and insurance products. Established in 1984, the company's headquarters are situated in Beijing, China.
Key statistics
Avg. volume
174.13M
Market cap
HK$3.52T
P/E Ratio
7.97
Price-to-sales ratio
2.22
Enterprise value
CN¥852.88B
Free cash flow yield
8.03%
Debt-to-equity ratio
0.72
Return on equity
9.18%
ROIC
3.07%
Beta
0.13
Dividend yield
3.82%
Last dividend
HK$0.35
Financial overview
Revenue
CN¥1.53T
Earnings per share
CN¥0.98
Free cash flow
CN¥409.60B
Net profit margin
28.71%
Gross margin
79.52%
EBITDA
CN¥430.20B
Revenue growth
131.71%
Similar securities
This is not an investment recommendation
How to buy Industrial and Commercial Bank of China from India
Indian residents can buy Industrial and Commercial Bank of China 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 Industrial and Commercial Bank of China and place an order
Find Industrial and Commercial Bank of China by name or by its ticker, 1398, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Industrial and Commercial Bank of China trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Industrial and Commercial Bank of China 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 Industrial and Commercial Bank of China from India
Trading and taxes when buying Industrial and Commercial Bank of China 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. Industrial and Commercial Bank of China’s current yield is 3.82%.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 Industrial and Commercial Bank of China stock?
Yes. Industrial and Commercial Bank of China (1398) has been listed on the Hong Kong Stock Exchange since 2006, in the Banks - Diversified 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 Industrial and Commercial Bank of China share cost in rupees?
One Industrial and Commercial Bank of China share is HK$7.52 — about ₹92 at an HKD/INR rate of 12.23 on 25 Sep 2026. Both the Industrial and Commercial Bank of China 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 Industrial and Commercial Bank of China 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 Industrial and Commercial Bank of China?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Industrial and Commercial Bank of China 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 Industrial and Commercial Bank of China price. Paasa issues a capital-gains statement for your return.
Does Industrial and Commercial Bank of China pay a dividend, and how is it taxed in India?
Yes. Industrial and Commercial Bank of China pays a dividend and the current yield is 3.82%; the last declared dividend was HK$0.35 per share, about ₹4.28. 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 Industrial and Commercial Bank of China 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 Industrial and Commercial Bank of China a Hong Kong SAR China company, and does that change how it is taxed?
Industrial and Commercial Bank of China trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Industrial and Commercial Bank of China 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 Industrial and Commercial Bank of China 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 Industrial and Commercial Bank of China holding, its cost and its closing value.
How do I sell Industrial and Commercial Bank of China 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.