Chinese investment into Indian markets amid meltdown draws Sebi's attention

The issue surfaced after the shareholding pattern disclosed by HDFC showed the People's Bank of China had hiked its stake in the mortgage lender during the March quarter

Top officials of the Securities and Exchange Board of India (Sebi) met earlier this week to discuss two key issues — the acquisition of shares by Chinese investment firms amid the market meltdown in March and liquidity problems concerning mutual funds (MFs) — said people with knowledge of the development.

The issue of acquisition by Chinese firms surfaced after the shareholding pattern disclosed by HDFC showed the People’s Bank of China (PBoC) had hiked its stake in the mortgage lender during the March quarter. While such acquisitions are routine, it raised some concerns about China looking to tighten its grip on