Investor Mark Mobius says he cannot get his money out of China | CNN Business

, 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 money out. The government is restricting flow of money out of the country,” Mobius, founder of Mobius Capital Partners, told FOX Business in an interview published on March 2. “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.

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. “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.

Mobius forgets who rules China 😆 It is called Chinese COMMUNIST Party!

Anyone still wants to do business in China? Prepare your bribery and show your loyalty to xijinping ccp.

CNN is a fake news center focusing on all fake news whatever is not good to china; just check statements from HSBC

He may ask Ray Dario, Ray invested much more .

The best example of the Wall Street Elites who have been kissing CCP’s dollars! He should ask his CCP’s adviser who induced him to invest China.I appreciate him shared with his experience in China!

NOW he understands China.

monero fix this …MarkMobiusReal

when he stands on the dark side, he should know the consequences.

Can I have it then? 😂

Macau

🤡🤡🤡sleep with dogs get fleas

“ I can’t get my money out ( of China ) “ The poster boy of investing in China ? Sound financial advice .. Bromberg still has “ experts “ advising that China is still positive for investment “ 😳😳 Who is drinking the Kool - Aide

That is is incompetence

Cool

What did you expect?

Oh boo hoo

Sad

Nigeria Nigeria Latest News, Nigeria Nigeria 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 BusinessBillionaire 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. Power of China and defeat of west Why is he surprised ? Shocking!
Source: Reuters - 🏆 2. / 97 Read more »