Top Spring International Holdings Limited
Top Spring International Holdings Limited (HKSE: 3688) is trading at HK$0.16, about ₹2 at today's HKD/INR rate, as of 23 Sep 2026, 6:07 AM ET, down 8.00% today. Indian residents can buy Top Spring International from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.16
Today's high
HK$0.18
52 week low
HK$0.16
52 week high
HK$0.98
3688 opened at HK$0.18, closed previously at HK$0.18, and has traded between HK$0.16 and HK$0.98 over the past 52 weeks.
About
Top Spring International Holdings Limited operates as an investment holding company, primarily focusing on real estate development within the People's Republic of China. Its diverse operations are categorized into four main segments: property development, real estate investment, property management and associated services, and education-related services. The company specializes in creating and managing urban mixed-use communities, alongside constructing and selling residential properties across key economic zones in China, including the Greater Bay Area, the Yangtze River Delta, Central China, the Beijing-Tianjin area, and the Chengdu-Chongqing region. Beyond development, Top Spring generates revenue through leasing various assets such as shopping centers, clubhouses, serviced apartments, and parking facilities. It also offers comprehensive property management and related services, including decoration, to its property owners and tenants. Furthermore, the company provides educational services and products to students, in addition to offering investment management expertise. As of December 31, 2021, Top Spring's portfolio encompassed 22 property projects at different stages of development, situated in approximately 11 cities. These locations include prominent Chinese hubs like Shenzhen, Dongguan, Shanghai, Nanjing, Chengdu, Hangzhou, Tianjin, Changzhou, and Kunming, as well as Hong Kong and Sydney, Australia, collectively covering a total net saleable or leasable gross floor area of roughly 335,519 square meters. Established in 2001, the company was initially known as Top Spring Holdings Limited before adopting its current name in September 2009. Its corporate headquarters are located in Wan Chai, Hong Kong.
Key statistics
Avg. volume
46.77K
Market cap
HK$227.45M
P/E Ratio
-0.09
Price-to-sales ratio
0.18
Enterprise value
HK$5.00B
Free cash flow yield
0.00%
Debt-to-equity ratio
1.73
Return on equity
-83.92%
ROIC
-23.45%
Beta
0.23
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
HK$1.44B
Earnings per share
-HK$1.90
Free cash flow
-HK$80.17M
Net profit margin
-214.92%
Gross margin
-75.23%
EBITDA
-HK$1.17B
Revenue growth
5.08%
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This is not an investment recommendation
How to buy Top Spring International from India
Indian residents can buy Top Spring International 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 Top Spring International and place an order
Find Top Spring International by name or by its ticker, 3688, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Top Spring International trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Top Spring International position in HKD and INR. Top Spring International 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 Top Spring International from India
Trading and taxes when buying Top Spring International 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
- NoneTop Spring International does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Top Spring International stock?
Yes. Top Spring International (3688) has been listed on the Hong Kong Stock Exchange since 2011, in the Real Estate - Development 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 Top Spring International share cost in rupees?
One Top Spring International share is HK$0.16 — about ₹2 at an HKD/INR rate of 12.25 on 24 Sep 2026. Both the Top Spring International 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 Top Spring International 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 Top Spring International?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Top Spring International 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 Top Spring International price. Paasa issues a capital-gains statement for your return.
Does Top Spring International pay a dividend?
No. Top Spring International 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 Top Spring International 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 there estate or inheritance tax on Top Spring International shares held from India?
Hong Kong has no estate duty.
Do I have to declare Top Spring International 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 Top Spring International holding, its cost and its closing value.
How do I sell Top Spring International 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.