RBI included Hong Kong and Macau in the sensitive list

The Reserve Bank of India (RBI) included Hong Kong and Macau in the sensitive list of countries along with Pakistan and China on 15 January 2014. Macau and Hong Kong are two Special Administrative Regions controlled by China.

This means that establishments from Hong Kong and Macau will require prior approval of RBI for setting up business or related activities in India. The activities include establishment of liaison, branch, project offices or any other place of business.