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| HSI1 | 24,939.83 | -335.13 | 124.90B |
| HSCEI1 | 8,261.45 | -107.60 | 37.72B |
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India's Serious Fraud Investigation Office Recommends Probe Into Business Model of XIAOMI-W's India Operations
2026-09-10 09:21:19 India's Serious Fraud Investigation Office (SFIO) recommended an investigation into alleged violations related to the business model of XIAOMI-W (01810.HK) and non-compliance with foreign investment regulations, Reuters, citing Indian government documents, reported. A spokesperson for XIAOMI-W responded that the company has not received any notice from the SFIO, stressing that the company attaches great importance to local laws and has always fully complied with them. The SFIO recommended reviewing XIAOMI-W's fund flows and whether the company had applied for mandatory investment approvals as required after India tightened scrutiny of Chinese investments following the deadly border conflict between China and India in 2020. The proposed investigation would also focus on examining the beneficial ownership of foreign investors and group entities. ~ AASTOCKS Financial News Website: www.aastocks.com | |