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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Heard of the story of the 5 category of horses ? The top quality is the kind that gallop away just by seeing the shadow of the whip. Obviously Mobius doesn't belong to this category.

He's a businessman and should know all before investing in China .... Its rubbish nobody advise him how to do it ....

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

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.

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 That’s the fate one has to accept when deciding to do business there 富士康都能拿出錢?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

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 »