China's Central Bank Holds Significant Stake in Indian Companies Amid Strained Relations

Despite ongoing geopolitical tensions, the People's Bank of China (PBoC) maintains substantial investments in India's financial sector. As of October 2023, PBoC owned approximately 0.8% of Infosys, valued at ₹4,678 crore, and 0.7% of ICICI Bank, worth ₹4,583 crore. Other notable holdings include a 0.24% stake in Tata Consultancy Services (TCS), valued at ₹3,157 crore, and a 0.4% stake in Bajaj Finance, worth ₹1,928 crore. These investments reflect China's strategic interest in India's economic landscape, even amidst strained bilateral relations. 

Source : LIVE MINT