After the clarification from the government that SEBI should scrutinize the investments from China and Hong Kong, SEBI has issued directives to the Custodians to provide details regarding investments coming from China or via China into Indian stock markets.SEBI’s current focus is not only on new Foreign Portfolio Investors (FPIs) coming from China but also on existing investments from them. The possible reason for the SEBI’s action was that recently the People’s Bank of China (PBOC) had raised its stake in HDFC Bank raising concerns that whether some of these stocks had become susceptible to the acquisition, using open market transactions, through the foreign portfolio investor (FPI) route.
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