#Newspaper
Exclusive: India foreign investment rules aimed at China to include Hong Kong
//New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong
//foreign direct investments from countries with which it shares a land border would require prior government approval to deter “opportunistic” takeovers and acquisitions during the pandemic
//A substantial part of Chinese investments is routed through the Asian financial centre given its market expertise and deep pool of liquidity.
//“It’s common sense how Hong Kong investment should be taken. Investment from there is no different to China,”
//Some experts believe the total investment coming through Chinese entities is far higher as it is routed through multiple jurisdictions.
//The new rules govern entities located in a country that shares a land border with India and will be applicable even if the “beneficial owner” of an investment is from those nations.
//the new rules of scrutiny would apply to foreign direct investments in greenfield projects.
//The new rules are seen slowing down investment timelines and straining Indian startups that get regular funding from major Chinese companies, especially when the coronavirus outbreak has already hit them hard.
//India took the decision after several local industry groups flagged concerns around Chinese inflows during the spread of coronavirus that had made some Indian businesses more vulnerable to takeovers
//Several ministries, including India’s foreign affairs department, then pitched for changes and studied similar restrictions that had been imposed by countries such as Germany and Australia
Full Article: Reuters, (20-Apr)
Further reading:
Govt Prepares Detailed Plan to Evacuate Stranded Indians Across Globe
https://www.youtube.com/watch?v=DNiyZc9gmP4
Coronavirus: Virgin Australia eyed by three Chinese airlines for rescue deal
https://7news.com.au/news/aviation/coronavirus-virgin-australia-eyed-by-three-chinese-airlines-for-rescue-deal-c-984678.amp
#India #Investment #Restriction #Globalization #FinancialHub #China #LamChao #Economy
Exclusive: India foreign investment rules aimed at China to include Hong Kong
//New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong
//foreign direct investments from countries with which it shares a land border would require prior government approval to deter “opportunistic” takeovers and acquisitions during the pandemic
//A substantial part of Chinese investments is routed through the Asian financial centre given its market expertise and deep pool of liquidity.
//“It’s common sense how Hong Kong investment should be taken. Investment from there is no different to China,”
//Some experts believe the total investment coming through Chinese entities is far higher as it is routed through multiple jurisdictions.
//The new rules govern entities located in a country that shares a land border with India and will be applicable even if the “beneficial owner” of an investment is from those nations.
//the new rules of scrutiny would apply to foreign direct investments in greenfield projects.
//The new rules are seen slowing down investment timelines and straining Indian startups that get regular funding from major Chinese companies, especially when the coronavirus outbreak has already hit them hard.
//India took the decision after several local industry groups flagged concerns around Chinese inflows during the spread of coronavirus that had made some Indian businesses more vulnerable to takeovers
//Several ministries, including India’s foreign affairs department, then pitched for changes and studied similar restrictions that had been imposed by countries such as Germany and Australia
Full Article: Reuters, (20-Apr)
Further reading:
Govt Prepares Detailed Plan to Evacuate Stranded Indians Across Globe
https://www.youtube.com/watch?v=DNiyZc9gmP4
Coronavirus: Virgin Australia eyed by three Chinese airlines for rescue deal
https://7news.com.au/news/aviation/coronavirus-virgin-australia-eyed-by-three-chinese-airlines-for-rescue-deal-c-984678.amp
#India #Investment #Restriction #Globalization #FinancialHub #China #LamChao #Economy
Reuters
Exclusive: India foreign investment rules aimed at China to include Hong Kong - sources
NEW DELHI (Reuters) - New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong, two senior government sources told Reuters on Monday.
Hong Kong court quashes decision to enforce reporting ban on activist’s national security case in landmark ruling
Reporting restrictions on proceedings regarding the transfer of criminal cases to the High Court must be lifted if the defendant makes such a request, a Hong Kong court has ruled. The landmark judgement, which could extend to cases prosecuted under the national security law, came after activist Chow Hang-tung challenged a magistrate’s decision to retain reporting restrictions in a national security case.
In a ruling published on Tuesday, High Court Judge Alex Lee said that magistrates had no say in whether to lift reporting restrictions on committal proceedings if the accused had applied to do so.
Source: HKFP #Aug02
#ChowHangTung #Reporting #Restriction #NationalSecurity
https://hongkongfp.com/2022/08/02/hong-kong-court-quashes-decision-to-enforce-reporting-ban-on-activists-national-security-case-in-landmark-ruling/
Reporting restrictions on proceedings regarding the transfer of criminal cases to the High Court must be lifted if the defendant makes such a request, a Hong Kong court has ruled. The landmark judgement, which could extend to cases prosecuted under the national security law, came after activist Chow Hang-tung challenged a magistrate’s decision to retain reporting restrictions in a national security case.
In a ruling published on Tuesday, High Court Judge Alex Lee said that magistrates had no say in whether to lift reporting restrictions on committal proceedings if the accused had applied to do so.
Source: HKFP #Aug02
#ChowHangTung #Reporting #Restriction #NationalSecurity
https://hongkongfp.com/2022/08/02/hong-kong-court-quashes-decision-to-enforce-reporting-ban-on-activists-national-security-case-in-landmark-ruling/