Foreign investment limits: aggregate foreign investment via direct or GDR mechanisms capped below majority; Offshore Funds and FIIs excluded. Ordinary shares and Foreign Currency Convertible Bonds issued against Global Depositary Receipts are treated as direct foreign investment; the aggregate ... Summary
Foreign investment limits: aggregate foreign investment via direct or GDR mechanisms capped below majority; Offshore Funds and FIIs excluded.
Ordinary shares and Foreign Currency Convertible Bonds issued against Global Depositary Receipts are treated as direct foreign investment; the aggregate of foreign investment made directly or indirectly through the Global Depositary Receipts mechanism shall not exceed a majority of the issued and subscribed capital of the issuing company, with investments through Offshore Funds and by Foreign Institutional Investors excluded from this limit.
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