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Non-Chinese investments from Hong Kong may be dealt with less strict measures: Report

Shortpedia

Content Team
Image Credit: Shortpedia

The Indian government is likely to reduce the levels of scrutiny of deals by Hong Kong-based investors with no Chinese involvement. The Modi administration is working on formalizing investment rules for neighboring countries after a violent face-off between the Indian and Chinese troops along the Line of Actual Control. More than 140 proposals worth more than $1.75 billion, including those from China and Hong Kong, were delayed.