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AIIB, central bank among 16 China-based entities registered as FPI in India

While AIIB is a multilateral development bank, which has got India as a member too, PBoC is China's central bank

FDI, INVESTMENT, investment, foreign investment, foreign direct investment, FPI, dollar inflow, GROWTH, MARKETS, FUNDS, SHARES, DEMAND, GROWTH, mutual fund, fund, stocks
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From 2014, when a new FPI regulatory regime replaced the erstwhile FII regime, registration and continuance activities of FPIs are being handled by DDPs

Agencies
At least 16 China-based institutions, including Asian Infrastructure Investment Bank (AIIB) and People's Bank of China (PBoC), have got permanent registration as foreign portfolio investors (FPIs) in India.

While AIIB is a multilateral development bank, which has got India as a member too, PBoC is China's central bank. Other registered FPIs in India include the National Social Security Fund (NSSF), a government-run investment fund established primarily to provide a reserve of funds for China's social security system, news agency PTI reported.

According to the report, the FPI registration is a one-time process and permanent in nature in India for a

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First Published: May 22 2020 | 12:41 PM IST

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