India's tweaked FDI rules aimed at China to include Hong Kong: Report

A substantial part of Chinese investments is routed through the Asian financial centre given its market expertise and deep pool of liquidity

New Indian rules to ensure scrutiny of investments from companies based in neighbouring countries, especially during the coronavirus outbreak, will also apply to Hong Kong, two senior government sources told Reuters on Monday.

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 pandemic, but it gave few other details.

While the move was seen aimed at Chinese firms, it caused confusion among lawyers, investors and business executives on whether it would apply to Hong Kong, a special administrative region