SHANGHAI: Billionaire investor Mark Mobius told FOX Business he cannot take his money out of China due to the country's capital controls, cautioning investors to be 'very, very careful' about investing in an economy under a tight government grip. 'I have an account with HSBC in Shanghai. I can't take my mo
SHANGHAI: Billionaire investor Mark Mobius told FOX Business he cannot take his money out of China due to the country's capital controls, cautioning investors to be"very, very careful" about investing in an economy under a tight government grip.
"I can't get an explanation of why they're doing this ... They're putting all kinds of barriers. They don't say: No, you can't get your money out. But they say: give us all the records from 20 years of how you made this money ... This is crazy."China to deepen financial reform, open to more foreign investment
"The bottom line is that China is moving in a completely different direction than what Deng Xiaoping instituted when they started the big reform program," he said, referring to the former Chinese leader.
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Billionaire investor Mark Mobius says he cannot take money out of China -FOX BusinessSHANGHAI : Billionaire investor Mark Mobius told FOX Business he cannot take his money out of China due to the country's capital controls, cautioning investors to be 'very, very careful' about investing in an economy under a tight government grip. 'I have an account with HSBC in Shanghai. I can't take my
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