China India Hong Kong city Hong Kong Government crisis China India Hong Kong city Hong Kong

India may ease rules for non-Chinese investments from Hong Kong: Report

Reading now: 140
www.livemint.com

scrutiny of deals by Hong Kong-based investors as long as Chinese firms aren’t involved in the transactions, people with knowledge of the matter said.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 any local firm, the people said, asking not to be identified citing rules.

The discussions are at a preliminary stage, they said.Also Read | Inside the rumble in India’s coding junglePrime Minister Narendra Modi’s administration is formalizing investment rules for neighboring countries amid a bloody border standoff with China earlier this year.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA