China's central bank buys 1% stake in HDFC [used recent crash in stock due to carona virus as a opportunity to enter India ]
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Now after transferring virus , now central bank of china have started buying stock of indian companies after making economy our country weak due to virus transfer and prolonged lock down.
China-backed funds are seeking to buy Indian financial assets after the Covid-19 outbreak caused a major slump in the valuation of local companies.
Many more buying going to come from china in Indian companies.Well thought strategy ???
Read more at:
https://economictimes.indiatimes.com/markets/st...
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China is buying stakes all over the world for ultra cheap. This is what they always wanted.
and what is wrong with that?
People keep crying for free market, open market and then keep spreading this stuff.
A lot of money is made when a big part of world is crying. That’s how big bois play.
Double standards of retail investors when on one hand they cry that their portfolio is down because foreign investors are moving out from India and they cry again when this happens.
It is not good for India. Hope govt takes note of this.
Why don’t you guys watch this video
I hope Trump squeezes China even more tightly economically as US & other countries continue to suffer courtesy of ‘Wuhan born & bred virus’.
Actual character of human is known in difficult times only…and I have seen many Indians getting exposed in this pandemic…
May God save India from such domestic viruses
you are busy nowadays ?
seeing less of you
China already owns 0.80% shares of HDFC before this Corona thing started.They bought only 0.21% shares during corona crisis..But yeah China bought crude oil in bulk(Highest in history) just before Corona may be they know this will happen.
Also in the US China trade deal, which was signed few days before the pandemic broke in, there was a condition, saying if there is a pandemic, China will not adhere to the deal.
Good move by GOI
https://www.moneycontrol.com/news/business/econ...
According to a recent study by Gateway House: Indian Council on Global Relations, a foreign policy think-tank, 18 of the 30 Indian unicorns (companies valued at more than $1 billion) have a Chinese investor.
“This means that China is embedded in Indian society, the economy, and the technology ecosystem that influences it,” the report said.
These include storied names such as PayTM, Oyo, BigBasket, Ola, PolicyBazaar and Delhivery among others.
China is India’s largest bilateral merchandise trading partner, but the balance of trade is heavily tilted in favour of Beijing. Total India-China bilateral trade stood at USD 95.7 billion in 2019, with a deficit of USD 58 billion in favour of Beijing.
https://m.hindustantimes.com/india-news/behind-...
LMAO
It is a free open market.
If you have cash, you can buy. Indian and all govt. around the world want more foreign investors.
They literally work towards getting foreign investment.
What’s the problem here?
AFAIK, they already had a sizable stake.