Changyou Alliance Group Limited
Changyou Alliance Group Limited (HKSE: 1039) is trading at HK$0.05, about ₹1 at today's HKD/INR rate, as of 9 Oct 2026, 3:12 AM ET, down 3.70% today. Indian residents can buy Changyou Alliance from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.05
Today's high
HK$0.05
52 week low
HK$0.04
52 week high
HK$0.07
1039 opened at HK$0.05, closed previously at HK$0.05, and has traded between HK$0.04 and HK$0.07 over the past 52 weeks.
About
As an investment holding company, Changyou Alliance Group Limited is primarily involved in the digital points industry across the People's Republic of China. The firm runs the "Changyou electronic platform," a system designed to enable customers to transform loyalty rewards, accrued from various third-party programs, into digital assets or credits. These digital entitlements can subsequently be utilized for acquiring merchandise, accessing games, subscribing to services, and facilitating other commercial activities. Additionally, the company provides trading services for goods, alongside dedicated points redemption and cashier solutions. Established in 2001, Changyou Alliance Group Limited, which adopted its current name in June 2020 from its prior designation as Fortunet e-Commerce Group Limited, maintains its headquarters in Wan Chai, Hong Kong.
Key statistics
Avg. volume
226.67K
Market cap
HK$94.17M
P/E Ratio
-5.03
Price-to-sales ratio
0.45
Enterprise value
CN¥226.43M
Free cash flow yield
36.67%
Debt-to-equity ratio
0.83
Return on equity
-7.32%
ROIC
76.15%
Beta
0.98
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
CN¥192.09M
Earnings per share
-CN¥0.01
Free cash flow
CN¥31.01M
Net profit margin
-8.97%
Gross margin
24.58%
EBITDA
CN¥9.34M
Revenue growth
6.30%
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This is not an investment recommendation
How to buy Changyou Alliance from India
Indian residents can buy Changyou Alliance 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. Read the full guide: how to invest in Changyou Alliance from India
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 Changyou Alliance and place an order
Find Changyou Alliance by name or by its ticker, 1039, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Changyou Alliance trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Changyou Alliance position in HKD and INR. Changyou Alliance pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Trading and taxes when buying Changyou Alliance 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
- NoneChangyou Alliance 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
FAQs
Can Indian residents buy Changyou Alliance stock?
Yes. Changyou Alliance (1039) has been listed on the Hong Kong Stock Exchange since 2010, in the Specialty Retail 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 Changyou Alliance share cost in rupees?
One Changyou Alliance share is HK$0.05 — about ₹1 at an HKD/INR rate of 12.34 on 9 Oct 2026. Both the Changyou Alliance 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 Changyou Alliance 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 Changyou Alliance?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Changyou Alliance 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 Changyou Alliance price. Paasa issues a capital-gains statement for your return.
Does Changyou Alliance pay a dividend?
No. Changyou Alliance 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 Changyou Alliance 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 Changyou Alliance shares held from India?
Hong Kong has no estate duty.
Do I have to declare Changyou Alliance 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 Changyou Alliance holding, its cost and its closing value.
How do I sell Changyou Alliance 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.