China Minsheng Banking Corp., Ltd.
China Minsheng Banking Corp., Ltd. (HKSE: 1988) is trading at HK$3.40, about ₹42 at today's HKD/INR rate, as of 29 Sep 2026, 4:08 AM ET, up 1.04% today. Indian residents can buy China Minsheng Banking from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$3.35
Today's high
HK$3.41
52 week low
HK$3.09
52 week high
HK$4.46
1988 opened at HK$3.36, closed previously at HK$3.36, and has traded between HK$3.09 and HK$4.46 over the past 52 weeks.
About
China Minsheng Banking Corp., Ltd. is a prominent financial services provider in the People's Republic of China, serving a broad spectrum of clients including individuals, micro and small businesses, corporate entities, government organizations, and other financial institutions. Its operations are organized into key divisions: Corporate Banking, Retail Banking, and miscellaneous services. The bank offers a wide array of deposit products, such as savings accounts, deposit certificates, and various corporate deposit types including contracted, agreement, call, term, and current accounts. Lending solutions encompass personal financing for housing mortgages, vehicle acquisitions, household consumption, and general home loans, alongside medium-to-long-term and short-term working capital loans for businesses, plus micro-credit facilities for individuals. Customers also benefit from debit and credit cards, as well as safe deposit box services. Beyond core offerings, the company facilitates payment and collection, clearing services, and provides convenient internet, mobile, and telephone banking platforms. For its corporate clientele, services include gross settlement, payroll agency functions, letters of guarantee, comprehensive cash management, trade finance, and specialized industrial chain financing. Moreover, it delivers a full suite of foreign exchange services, covering individual settlements, remittances, travelers' promissory notes, collections, individual deposit certificates, and guarantee letters. CMBC further extends its financial expertise to comprehensive credit granting, forex settlement and sales, diverse financial product investments, and trust financing services. Additionally, it offers convenient finance solutions, investment banking, and asset management. Notably, the bank also provides non-financial services in areas such as education, business travel, general travel, art, luxury lifestyle, health, club memberships, and sports. As of December 31, 2021, the institution boasted an expansive network comprising approximately 140 branch-level establishments, 1,193 general business outlets, 1,078 community sub-branches, and 136 dedicated small business sub-branches. Founded in 1996, China Minsheng Banking Corp., Ltd. is headquartered in Beijing, People's Republic of China.
Key statistics
Avg. volume
24.62M
Market cap
HK$148.64B
P/E Ratio
5.37
Price-to-sales ratio
0.59
Enterprise value
CN¥2.39T
Free cash flow yield
-167.56%
Debt-to-equity ratio
4.17
Return on equity
4.66%
ROIC
0.36%
Beta
0.24
Dividend yield
7.32%
Last dividend
HK$0.21
Financial overview
Revenue
CN¥265.59B
Earnings per share
CN¥0.63
Free cash flow
-CN¥166.78B
Net profit margin
11.16%
Gross margin
45.08%
EBITDA
CN¥40.87B
Revenue growth
-8.00%
Similar securities
This is not an investment recommendation
How to buy China Minsheng Banking from India
Indian residents can buy China Minsheng Banking 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 Minsheng Banking and place an order
Find China Minsheng Banking by name or by its ticker, 1988, 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 Minsheng Banking trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your China Minsheng Banking 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 Minsheng Banking from India
Trading and taxes when buying China Minsheng Banking 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 Minsheng Banking’s current yield is 7.32%.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 Minsheng Banking stock?
Yes. China Minsheng Banking (1988) has been listed on the Hong Kong Stock Exchange since 2009, 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 Minsheng Banking share cost in rupees?
One China Minsheng Banking share is HK$3.40 — about ₹42 at an HKD/INR rate of 12.25 on 28 Sep 2026. Both the China Minsheng Banking 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 Minsheng Banking 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 Minsheng Banking?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on China Minsheng Banking 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 Minsheng Banking price. Paasa issues a capital-gains statement for your return.
Does China Minsheng Banking pay a dividend, and how is it taxed in India?
Yes. China Minsheng Banking pays a dividend and the current yield is 7.32%; the last declared dividend was HK$0.21 per share, about ₹2.58. 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 Minsheng Banking 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 Minsheng Banking a Hong Kong SAR China company, and does that change how it is taxed?
China Minsheng Banking trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. China Minsheng Banking 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 Minsheng Banking 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 Minsheng Banking holding, its cost and its closing value.
How do I sell China Minsheng Banking 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.