China Merchants Bank Co., Ltd.
China Merchants Bank Co., Ltd. (HKSE: 3968) is trading at HK$50.50, about ₹618 at today's HKD/INR rate, as of 25 Sep 2026, 4:08 AM ET, down 1.37% today. Indian residents can buy China Merchants Bank from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$50.10
Today's high
HK$50.90
52 week low
HK$43.34
52 week high
HK$53.70
3968 opened at HK$50.30, closed previously at HK$51.20, and has traded between HK$43.34 and HK$53.70 over the past 52 weeks.
About
Alongside its subsidiaries, China Merchants Bank Co., Ltd. delivers a comprehensive range of banking and financial services. Its operations are structured into Wholesale Finance, Retail Finance, and Other Business segments. Customers can access a variety of account types, including checking, savings, time deposits, call accounts, notice accounts, and Renminbi accounts. The bank's extensive lending portfolio encompasses personal loans for housing, vehicles, consumption, commercial real estate, education abroad, and micro-businesses, as well as equipment and various guarantee-backed mortgages. For corporate clients, it provides financing for working capital, fixed assets, vessel purchases, bank acceptances, and discounts. Beyond traditional banking, its offerings extend to credit cards, insurance, and open-ended funds. It also facilitates commercial bill transactions (discounting, guarantees, redemption) and delivers comprehensive financial advisory services, including debt and equity financing underwriting, merger and acquisition financing, and assistance with enterprise listings. Further services include forfeiting, risk participation, escrow, cross-border RMB clearing, and interbank operations. The bank also specializes in risk and financial management, international factoring, trade finance, and both cross-border RMB and overseas financing solutions. Additional specialized services cover financial leasing and guarantees, investment and wealth management, forex and gold trading (including options and express trading), international, offshore, and private banking, as well as custody, pension, and electronic banking services. As of December 31, 2021, its extensive domestic network in Mainland China comprised 143 branches, 1,770 sub-branches, a branch-level operation center, 2,812 self-service centers, 6,592 self-service machines, a representative office, and 14,746 visual counters. Globally, the bank maintains a presence in key financial hubs such as Hong Kong, New York, London, Singapore, Luxembourg, Sydney, and Taipei. Established in 1987, China Merchants Bank Co., Ltd. has its headquarters in Shenzhen, China.
Key statistics
Avg. volume
12.77M
Market cap
HK$1.27T
P/E Ratio
6.97
Price-to-sales ratio
2.95
Enterprise value
CN¥2.27T
Free cash flow yield
-41.60%
Debt-to-equity ratio
1.68
Return on equity
12.33%
ROIC
1.16%
Beta
0.54
Dividend yield
4.95%
Last dividend
HK$2.27
Financial overview
Revenue
CN¥467.82B
Earnings per share
CN¥5.70
Free cash flow
CN¥423.32B
Net profit margin
43.60%
Gross margin
87.19%
EBITDA
CN¥194.38B
Revenue growth
-6.03%
Similar securities
This is not an investment recommendation
How to buy China Merchants Bank from India
Indian residents can buy China Merchants Bank 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 Merchants Bank and place an order
Find China Merchants Bank by name or by its ticker, 3968, 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 Merchants Bank trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your China Merchants Bank 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 Merchants Bank from India
Trading and taxes when buying China Merchants Bank 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 Merchants Bank’s current yield is 4.95%.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 Merchants Bank stock?
Yes. China Merchants Bank (3968) has been listed on the Hong Kong Stock Exchange since 2006, 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 Merchants Bank share cost in rupees?
One China Merchants Bank share is HK$50.50 — about ₹618 at an HKD/INR rate of 12.23 on 25 Sep 2026. Both the China Merchants Bank 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 Merchants Bank 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 Merchants Bank?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on China Merchants Bank 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 Merchants Bank price. Paasa issues a capital-gains statement for your return.
Does China Merchants Bank pay a dividend, and how is it taxed in India?
Yes. China Merchants Bank pays a dividend and the current yield is 4.95%; the last declared dividend was HK$2.27 per share, about ₹27.80. 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 Merchants Bank 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 Merchants Bank a Hong Kong SAR China company, and does that change how it is taxed?
China Merchants Bank trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in China. China Merchants Bank 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 Merchants Bank 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 Merchants Bank holding, its cost and its closing value.
How do I sell China Merchants Bank 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.