People’s Bank of China held about 17.5 million shares in HDFC at the end of March 2020.: The People’s Bank of China (PBOC) has bought 1.01% stake in Indian major finance conglomerate HDFC Ltd on behalf of the Chinese Sovereign Wealth Fund SAFE, according to the shareholding disclosures for the March quarter. Still, in line with overall bearish Equity Markets globally the share price of HDFC ended 2.8% lower on April 13th, after PBOC had bought stake in the firm.