New Delhi: The big news is that there is a possible war between India and China. China’s Central Bank POC has now bought a stake in another Indian company. After purchasing shares in China’s POC Bank HDFC Limited and ICICI Bank, Bajaj has now started investing in finance. Bajaj Finance has reportedly invested 1 per cent of the total stake. The stock exchange did not provide any information on this, as it has invested less than 1 percent.
Economic experts say the POC’s investment in these three companies is less than one percent, and will not hurt the country’s economy. According to sources, POCI or People’s Bank of China had bought less than 1 per cent stake in ICICI Banking in the previous month. Earlier, POC had bought a similar stake in HDFC Limited. However, in the last few days, the share has risen to more than one per cent. Experts say the Indian government has tightened FDI and foreign portfolio investment rules from neighboring countries since China’s first central bank investment. From April 2018 to March 2020, China has invested more than $ 1 billion in more than 1,400 companies in the country.
