Currently, there are only 16 registered FPIs from mainland China but Hong Kong has 111 registered FPIs investing in Indian markets. Mumbai: Foreign portfolio investors (FPI) from China may face restrictions in India with the government and markets regulator considering including mainland China and Hong Kong in Securities and Exchange Board of India’s (Sebi’s) list of high-risk jurisdictions, two people with direct knowledge of the matter said.
The Department of Economic Affairs (DEA) has drafted a proposal to this effect and is currently working on its modalities, they said, requesting anonymity.
Investments from high-risk jurisdictions attract greater scrutiny from regulators and those providing custodial services. Sebi-registered foreign