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Sebi seeks details of all Chinese investments in stock markets

China India Hong Kong city Mumbai covid-19 economy Government
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Mumbai: The Securities and Exchange Board of India (Sebi) has issued fresh communication to custodians seeking details of investments coming from China or via China into Indian stock markets.

Currently, custodians have to do periodic reporting of ultimate beneficiary of a foreign portfolio investor (FPI) or when Sebi asks for it.

But a specific request for details of investments by Chinese FPIs or where a Chinese investor is a beneficiaryis extremely rare.

This communication, seen by Mint, comes after government clarified that the regulator should increase its scrutiny of investments coming from China and Hong Kong.

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