NEW DELHI (Reuters) – India’s new rules to more closely scrutinise foreign investments from companies based in neighbouring countries will also apply to Hong Kong, two senior government sources told Reuters on Monday.
FILE PHOTO: A general view of the city of Hong Kong from the Peak Tower, China October 22, 2019. REUTERS/Ammar Awad
India said on Saturday that foreign direct investments from countries with which it shares a land border would require prior government approval to deter “opportunistic” takeovers and acquisitions during the coronavirus outbreak, but it gave few other details.
While the move was seen aimed at Chinese