Chongqing Machinery & Electric Co., Ltd.
Chongqing Machinery & Electric Co., Ltd. (HKSE: 2722) is trading at HK$1.68, about ₹20 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, down 0.59% today. Indian residents can buy Chongqing Machinery & Electric from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$1.63
Today's high
HK$1.69
52 week low
HK$1.63
52 week high
HK$3.82
2722 opened at HK$1.69, closed previously at HK$1.69, and has traded between HK$1.63 and HK$3.82 over the past 52 weeks.
About
Chongqing Machinery & Electric Co., Ltd. (CME) specializes in the design, manufacture, and distribution of a broad spectrum of products, focusing on clean energy solutions and advanced smart manufacturing equipment. The company's extensive portfolio encompasses: Power and Energy Systems: Engines, hydroelectric generation equipment, electrical wires and cables, high-voltage transformers, wind-power equipment, various cooling apparatus including fan coolers and different types of chillers (evaporative, water-cooled, air-cooled), as well as gas compressors and components, turbines, governors, and their auxiliary devices. Industrial and Manufacturing Machinery: General machinery, a wide range of machine tools (such as gear processing, lathes, multi-purpose CNC, roll grinders, deep hole boring machines, and specialized tools), industrial robots, intelligent automation systems, cutting tools, and precision screws. Components and Material Processing: Vehicle parts, agricultural machinery and accessories, spare parts, special tooling, electrical porcelain, the processing of electronic products, PPR/PPC tubular products, alongside casting and forging services for non-ferrous and special metals. Specialized Equipment and Technology: Laser, machinery, and testing equipment (also available for lease), industrial pumps and their parts, and pressure vessels, complemented by mechanical and electrical equipment technology services. Beyond manufacturing, CME engages in various services and trading activities: Maintenance and Technical Support: Offering cotton picking services, cotton machinery maintenance, turbo mechanical product testing, and comprehensive equipment and system maintenance and transformation. Infrastructure: Managing sewage collection, treatment, and operational services via Build-Operate-Transfer (BOT) models. Commercial Operations: Property leasing, general trade, trading in machinery and raw materials, sales of network, environmental, and gas products, and steel sales. Financial Services: Providing loans. Established in 2007, the company is based in Chongqing, People's Republic of China, and operates as a subsidiary of Chongqing Machinery and Electronics Holding (Group) Co., Ltd.
Key statistics
Avg. volume
12.59M
Market cap
HK$6.17B
P/E Ratio
5.51
Price-to-sales ratio
0.49
Enterprise value
CN¥6.29B
Free cash flow yield
18.24%
Debt-to-equity ratio
0.40
Return on equity
10.15%
ROIC
3.22%
Beta
1.27
Dividend yield
8.21%
Last dividend
HK$0.10
Financial overview
Revenue
CN¥10.04B
Earnings per share
CN¥0.21
Free cash flow
CN¥765.32M
Net profit margin
8.58%
Gross margin
14.23%
EBITDA
CN¥312.01M
Revenue growth
12.61%
Similar securities
This is not an investment recommendation
How to buy Chongqing Machinery & Electric from India
Indian residents can buy Chongqing Machinery & Electric 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 Chongqing Machinery & Electric and place an order
Find Chongqing Machinery & Electric by name or by its ticker, 2722, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Chongqing Machinery & Electric trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Chongqing Machinery & Electric 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 Chongqing Machinery & Electric from India
Trading and taxes when buying Chongqing Machinery & Electric 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. Chongqing Machinery & Electric’s current yield is 8.21%.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 Chongqing Machinery & Electric stock?
Yes. Chongqing Machinery & Electric (2722) has been listed on the Hong Kong Stock Exchange since 2008, in the Industrial - Machinery 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 Chongqing Machinery & Electric share cost in rupees?
One Chongqing Machinery & Electric share is HK$1.68 — about ₹20 at an HKD/INR rate of 12.23 on 25 Sep 2026. Both the Chongqing Machinery & Electric 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 Chongqing Machinery & Electric 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 Chongqing Machinery & Electric?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Chongqing Machinery & Electric 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 Chongqing Machinery & Electric price. Paasa issues a capital-gains statement for your return.
Does Chongqing Machinery & Electric pay a dividend, and how is it taxed in India?
Yes. Chongqing Machinery & Electric pays a dividend and the current yield is 8.21%; the last declared dividend was HK$0.10 per share, about ₹1.19. 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 Chongqing Machinery & Electric 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 Chongqing Machinery & Electric a Hong Kong SAR China company, and does that change how it is taxed?
Chongqing Machinery & Electric trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. Chongqing Machinery & Electric 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 Chongqing Machinery & Electric 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 Chongqing Machinery & Electric holding, its cost and its closing value.
How do I sell Chongqing Machinery & Electric 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.