After FDI, India to tighten scrutiny on foreign portfolio investors from China, Hong Kong
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After tightening rules and increasing scrutiny for foreign direct investment (FDI) from seven countries that India shares land borders with, the central government is now looking to tighten norms on foreign portfolio investors (FPI) from China and Hong Kong. Reportedly, the department of economic affairs is working on the issue. However, it’s not finalised yet. A dedicated cell to scrutinise new FPI investments are also on the cards.