Sebi may scan Cayman, Singapore investment hubs for Chinese links

Investment hubs to see greater scrutiny for identification of end-beneficiaries

Investment hubs such as the Cayman Islands, Singapore, Ireland, and Luxembourg may come under greater scrutiny of the Securities and Exchange Board of India (Sebi) because a significant portion of investments coming from China and Hong Kong into India may be routed through these jurisdictions, said people in the know. 

The regulator last week reached out to custodians for beneficial ownership information of investors coming from China, Hong Kong, and 11 other countries. 

Over the years, several Chinese funds that manage $1 billion or more have set up operations in Hong Kong, which serves as a launchpad for mainland managers