Nine Dragons Paper (Holdings) Limited
Nine Dragons Paper (Holdings) Limited (HKSE: 2689) is trading at HK$5.62, about ₹69 at today's HKD/INR rate, as of 30 Sep 2026, 1:35 AM ET, up 1.08% today. Indian residents can buy Nine Dragons Paper (Holdings) from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$5.45
Today's high
HK$5.63
52 week low
HK$5.10
52 week high
HK$9.97
2689 opened at HK$5.56, closed previously at HK$5.56, and has traded between HK$5.10 and HK$9.97 over the past 52 weeks.
About
Nine Dragons Paper (Holdings) Limited, together with its affiliated companies, operates primarily within the People's Republic of China, where it manufactures and markets a diverse array of paper and pulp goods. The company's core offerings span packaging paper, recycled printing and writing paper, specialty papers, and various pulp products. Its extensive range of packaging materials includes different types of linerboard, such as kraft, test, white top, and coated varieties; corrugating medium containerboard; corrugated cardboard; carton boxes; corrugated sheets; and coated duplex boards. Beyond packaging, the firm also provides recycled printing and writing papers, notably uncoated wood-free and office paper. Its specialized paper products encompass capacitor tissue paper and a selection of insulating papers for transformers, including low, high, and ultra-high voltage grades, as well as heat-resistant options. Additionally, it produces recycled and kraft pulp. While its main operations are in China, Nine Dragons Paper also distributes its merchandise internationally, reaching markets in Vietnam, Malaysia, and the United States. Founded in 1995, the company's corporate headquarters are located in Dongguan, People's Republic of China. Nine Dragons Paper (Holdings) Limited functions as a subsidiary of Best Result Holdings Limited.
Key statistics
Avg. volume
15.38M
Market cap
HK$26.35B
P/E Ratio
6.31
Price-to-sales ratio
0.30
Enterprise value
CN¥106.71B
Free cash flow yield
0.00%
Debt-to-equity ratio
1.80
Return on equity
7.87%
ROIC
3.81%
Beta
1.25
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥76.66B
Earnings per share
CN¥0.76
Free cash flow
-CN¥10.94B
Net profit margin
5.23%
Gross margin
15.30%
EBITDA
CN¥11.27B
Revenue growth
21.21%
Similar securities
This is not an investment recommendation
How to buy Nine Dragons Paper (Holdings) from India
Indian residents can buy Nine Dragons Paper (Holdings) 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 Nine Dragons Paper (Holdings) and place an order
Find Nine Dragons Paper (Holdings) by name or by its ticker, 2689, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Nine Dragons Paper (Holdings) trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Nine Dragons Paper (Holdings) position in HKD and INR. Nine Dragons Paper (Holdings) 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 Nine Dragons Paper (Holdings) from India
Trading and taxes when buying Nine Dragons Paper (Holdings) 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
- NoneNine Dragons Paper (Holdings) does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.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 Nine Dragons Paper (Holdings) stock?
Yes. Nine Dragons Paper (Holdings) (2689) has been listed on the Hong Kong Stock Exchange since 2006, in the Paper, Lumber & Forest Products 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 Nine Dragons Paper (Holdings) share cost in rupees?
One Nine Dragons Paper (Holdings) share is HK$5.62 — about ₹69 at an HKD/INR rate of 12.24 on 29 Sep 2026. Both the Nine Dragons Paper (Holdings) 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 Nine Dragons Paper (Holdings) 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 Nine Dragons Paper (Holdings)?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Nine Dragons Paper (Holdings) 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 Nine Dragons Paper (Holdings) price. Paasa issues a capital-gains statement for your return.
Does Nine Dragons Paper (Holdings) pay a dividend?
No. Nine Dragons Paper (Holdings) 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 Nine Dragons Paper (Holdings) 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 Nine Dragons Paper (Holdings) a Hong Kong SAR China company, and does that change how it is taxed?
Nine Dragons Paper (Holdings) trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Nine Dragons Paper (Holdings) 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 Nine Dragons Paper (Holdings) 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 Nine Dragons Paper (Holdings) holding, its cost and its closing value.
How do I sell Nine Dragons Paper (Holdings) 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.