Mumbai: On one hand, there is a continuous border dispute going on between India and China, on the other hand, it is being seen that China is one step ahead of India in the trade between the two countries. The data obtained shows that China has been aggressive towards India, whether it is exporting goods or investing money in India.
As China remained India’s top source of imports with $56.29 billion in the April-September period of the current financial year, the People’s Bank of China has quietly increased its portfolio in India.
According to the information received, at the end of financial year 2024, People’s Bank of China had investments of about Rs 40,000 crore in at least 34 companies in India. People’s Bank of China’s biggest investment was in ICICI Bank. According to the market value of People’s Bank of China, the investment value of this bank was found to be Rs 6140 crore.
According to the information received, apart from this, People’s Bank of China also had investments in many companies including HDFC Bank, Power Grid Corporation.
Keeping in mind the increasing Chinese investment in India, the Government of India has made government permission mandatory for any Chinese investment in unlisted companies in the country. Due to there being no limit on Chinese investment in listed companies of the country, Chinese investors seem to be increasing investment in listed companies.
According to NSDL data, at least 16 Chinese entities are registered as foreign portfolio investors (FPIs) in India.
