China banks are acquiring stake in India.

People's Bank of China ( PBoC ) in mid of April disclosed that they are holding 1% stake in HDFC ( Housing Development Finance Corporation Limited ).

But later it came to know, they are holding stake in several other companies also .

PBoC holds 0.32% stake in Ambuja Cement, cement sector and 0.43% in Piramal enterprises, Pharma sector .

PBoC 1% of HDFC is presently worth of Rs 3,100 crore.While in Ambuja Cement, it is about Rs 22 crore and Rs 137 crore in Piramal enterprises.

China's central bank holds about 17.5 million shares in HDFC.

A recent report warned India on several funds and investment. It suggest in China's funds and investment are directly or indirectly influenced by the Chinese Communist government.

Some stake market sources says that Chinese companies have stake in various Indian companies . But the data has not been announced publicly as they are below 1% limit.

Since 2014 the growth has been drastically changed in transaction trade relationship with China. Gradually, Chinese banks are penetrating in Indian business houses by way of investments.

A report by Gateway House suggest that the companies of China are nurturing roots in Indian start-ups.