At a time when Chinese investments in Indian equities are in the crosshairs, a sift through the latest available annual reports of Nifty 50 companies reveals that People’s Bank of China (PBOC) increased stake by 25% and 34.3% in Asian Paints and Ambuja Cements respectively in the previous fiscal year. The Chinese central bank held 30.9 lakh shares in Asian Paints and 62.8 lakh shares in Ambuja Cements or 0.32% stake in each of the two
