India may ease rules for non-Chinese investments from Hong Kong
India may reduce scrutiny of deal by Hong Kong-based investors in which Chinese firms don’t involve in the transaction. The proposals under consideration include making it mandatory for beneficial owners from nations sharing a land border with India to seek the government’s permission to acquire more than 10% stake in the local firms.
With escalating border tension with China, India has been taking a series of steps in retaliation by banning Chinese apps, tightening visa rules for Chinese nationals and imposing curbs on companies from nations sharing a land border from bidding for government contracts.
Source: Bloomberg #Dec21
https://www.bloombergquint.com/politics/india-may-ease-rules-for-non-chinese-investments-from-hong-kong
#India #IndiaMA #China #HongKong
India may reduce scrutiny of deal by Hong Kong-based investors in which Chinese firms don’t involve in the transaction. The proposals under consideration include making it mandatory for beneficial owners from nations sharing a land border with India to seek the government’s permission to acquire more than 10% stake in the local firms.
With escalating border tension with China, India has been taking a series of steps in retaliation by banning Chinese apps, tightening visa rules for Chinese nationals and imposing curbs on companies from nations sharing a land border from bidding for government contracts.
Source: Bloomberg #Dec21
https://www.bloombergquint.com/politics/india-may-ease-rules-for-non-chinese-investments-from-hong-kong
#India #IndiaMA #China #HongKong