India’s concern was mainly over Chinese opportunism. By the second half of April, India began to put in place controls to screen Chinese investment proposals in Indian companies.
Yi, in an interview published by the central bank on Tuesday, said China's economic fundamentals are unchanged despite many uncertainties and reiterated that its current stance on monetary policy will be more flexible.
While AIIB is a multilateral development bank, which has got India as a member too, PBoC is China's central bank. Other registered FPIs in India include the National Social Security Fund (NSSF), a government-run investment fund established primarily to provide a reserve of funds for China's social security system.
The one-year loan prime rate (LPR) was lowered by 20 basis points (bps) to 3.85% from 4.05% previously, while the five-year LPR was cut by 10 bps to 4.65% from 4.75%.
There are two more companies in which foreign institutional investors from China hold a substantial stake in Indian companies that includes names like Visa Steel, and ZEE Entertainment.
Central banks typically buy bonds of companies in other countries, not equities.
Chen Yulu, a deputy governor at the People's Bank of China (PBOC), also told a news conference that PBOC Governor Yi Gang had exchanged views with U.S. Federal Reserve Chairman Jerome Powell, the International Monetary Fund and other agencies.
The remarks were published on the official WeChat account of the People's Bank of China (PBOC) after it injected a total of 1.7 trillion yuan ($242.74 billion) via reverse repos on Monday and Tuesday.
The People's Bank of China (PBOC) said in a statement it would launch a 1.2 trillion yuan reverse repurchase operation on Monday to maintain "reasonable and abundant liquidity" in the banking system, as well as a stable currency market, during the epidemic.
In multiple statements issued on Saturday afternoon, the People's Bank of China (PBOC) said that it will appropriately lower lending rates to support firms affected by virus outbreak.
The People's Bank of China (PBOC) said on its website the interest rate on one-year MLF loans remained at 3.25%, unchanged from the previous operations. It injected 300 billion yuan ($43.51 billion) via the liquidity tool.
The People's Bank of China said on its website it will cut banks' reserve requirement ratio (RRR) by 50 basis points, effective January 6. Many analysts had expected such a move was imminent.
The People's Bank of China (PBOC) said on its website that it was lowering the seven-day reverse repurchase rate to 2.50% from 2.55%.
Blockchain technology effectively reduces financing risks for financial institutions, and lowers financing costs for importers and exporters, the statement said.
The level of 72.90 is a crucial resistance for the USD/INR pair, break of which could push it to a new all-time high.
While the rate overhaul has been in the works for some time, the announcement came days after data showed the economy stumbled more sharply than expected in July, raising questions over whether more rapid and forceful stimulus may be needed.
Those concerns blunted some of the optimism, with liquidity light during Asian trading as China and Hong Kong markets were shut for a public holiday.
The People's Bank of China -- China's central bank -- said S&P Global's Beijing-based subsidiary has successfully registered and has received the green light to conduct bond rating in China's interbank bond market.
On its website, following a quarterly meeting of its monetary policy committee, the People's Bank of China (PBOC) said it will make monetary policy more forward-looking, flexible and targeted.
The goal is to break the silo between blockchain-based cryptocurrency and the existing monetary system, and will enable digital currency to sport cryptocurrency-like features.
"With the present peak of tax payments, financial institutions' reserve requirements and the maturing of repos and MLF loans, overall banking system liquidity has seen a relatively large decrease," the People's Bank of China said.
Economists were surprised by the move but said at just five basis points, the increases were small and more symbolic than substantive.
According to the People's Bank of China, Chinese banks dealt with 8.6 billion payments from mobile services in the second quarter of this year, up 40.5 per cent from a year ago.
"Regarding household debt levels, China doesn't rank that high on a global scale, but the pace of growth has picked up in the last few years," People's Bank of China governor Zhou Xiaochuan said Thursday. He didn't expect any action should be taken immediately but said the debt levels should be monitored for quality and a steady pace of growth.
While China produced forecast-beating growth of 6.9 percent in the first half, many economists and investors had expected its momentum would start to fade in the latter part of the year.