Chinese funds to face more scrutiny on board appointments - Economic Times

People with knowledge of the matter said this requirement has been imposed after it was found that China and Hong Kong investors were devising alternate structures to circumvent April 2020 restrictions on foreign investments from neighbouring countries.

Mumbai:Chinese nationals as well as those from Hong Kong appointed as directors on boards of Indian companies will need security clearance along with people from countries that share land borders wit… [+3275 chars]

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