SEBI plans to tighten security on FPIs with China links

SEBI plans to tighten security on FPIs with China links: Report Securities and Exchange Board of India (Sebi) is reportedly tightening scrutiny on foreign portfolio investors (FPIs) with China links. The market regulator floated a consultation paper regarding the proposal to divide FPIs into two categories. According to Moneycontrol, SEBI’s consultation paper proposed categorising FPIs into those where majority ownership is by investors from Land Bordering Countries (LBCs) and those where more than 50 per cent is owned by what the paper refers to non-LBCs.This is expected to result in greater monitoring of China and Hong Kong-based investors, who frequently use Singapore and Mauritius structures to enter India through the FPI route, the report added. Many global investment managers have reportedly created Singapore or Mauritius-based FPI vehicles for the Chinese to invest in India. [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZ3d3cuYnVzaW5lc3N0b2RheS5pbiUyRmxhdGVzdCUyRmVjb25vbXklMkZzdG9yeSUyRnNlYmktcGxhbnMtdG8tdGlnaHRlbi1zZWN1cml0eS1vbi1mcGlzLXdpdGgtY2hpbmEtbGlua3MtcmVwb3J0LTQzOTU3NS0yMDI0LTA3LTMx)  In order to unsubscribe from this mailing list, please click, please Click [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)