Billionaire investor Mark Mobius says he cannot take money out of China -FOX Business

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."Mobius led emerging market investment at Franklin Templeton Investments for three decades and is known for his bullish view on China. Now, though, he said, he"would be very, very careful" investing in the country.

富士康都能拿出錢？

That’s the fate one has to accept when deciding to do business there

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia sees trade talks continuing with China after investment ban on minerBeijing has protested Canberra’s decision to block a Chinese investment in a rare earths mining company. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Australia sees trade talks continuing with China after investment ban on minerSYDNEY : Australia said all decisions on foreign investment are made in its national interest and it expects trade talks with China to continue, after reports Beijing had protested Canberra's decision to block a Chinese investment in a rare earths mining company.Treasurer Jim Chalmers said on Wednesday he
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »