India likely to block Chinese investment in insurance giant LIC's IPO: Sources
NEW DELHI: The Indian go nment wants to block Chinese investors from buying shares in insurance giant Life Insurance Corp (LIC) which is due to go public, four senior go nment offi als and a banker told Reuters, underscoring tensions between the two nations.
新德里：四名印度政府高级官员和一名银行业者对路透社表示，印度政府希望阻止中国投资者购买即将上市的印度人寿保险公司(Life insurance Corp)的股票，突显两国之间的紧张关系。
State-owned LIC is considered a strategic asset, commanding more than 60% of India's life insurance market with assets of more than $500 billion. While the go nment is planning to allow foreign investors to participate in what is likely to be the country's biggest-ever IPO worth a pential $12.2 billion, it is leery of Chinese ownership, the sources said.
The sources declined to be identified as discussions on how Chinese investment might be blocked are ongoing and as no final decisions have been made.
Good. Prevention is better than cure from any vir s
Very good move.
But what about the endless chinese goods flooding Indian markets ?
Vasan S N
It would be a good decision if Go nment prevents Chinese from investing in LIC IPO. They should make sure that China does not invest indirectly - using a third .
China is our enemy. By allowing it to invest in our financial sector we would be opening the doors to our enemy.
TSR The Urbanist
Don't say "Likely". Make it mandatory that no Chinese Co's/ fund's are able invest in Indian Co's of repute and strategic importance
please block Chinese in LIC case, i have invested in lic policy..Chinese will take way my hard money
All stunts utimately it will be Adani and Ambani who will invest directly or indirectly.
In the last twelve months imports from China into India have increased over forty percent. That is the reality.
If you don't want foreign investment then stop the IPO and stop FDI in insurance companies. By the way, most of the companies in India including Paytm are where they are now because of Chinese investment. You can dislike my comment but you can't ignore the truth.
Thank God! Indian Govt. is growing!
It shows again that, Feku aka Surrender Modi has always been doing the exact opposite of what he preaches. As a matter of fact, China has regained its position as our top trading partner under his watch. What we need to do now is impose a blanket ban on all Chinese products and investments.
Why we have to sell companies like LIC?
Why only LIC, block investment in everything. It's dangerous to be partnered with those crooks. and you guys are allowing them to do business in India.
Biggest Trade defecit is due to Chinese imports by Fekus own Gujratee fools from home state of Gujarat
In the first place why modi govt is selling it.. how does it matter who is buying it China or Ambani
Still China made items are reaching India through other countries.
India need to ban import of such petty items which are being manufactured in India
Tom Di Wan
Stop all Chinese & Pakistani Investment in India.
It's the duty of citizens also to bycott Chinese and Pakistani products.