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Billionaire Mobius says he can't get his money out of China
来源：shippingazette 编辑：编辑部 发布：2023/03/17 09:47:29
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, reports Hong Kong's South China Morning Post.
Mr Mobius is an American-born German emerging markets fund manager and founder of Mobius Capital Partners LLP.
"I have an account with HSBC in Shanghai," Mr Mobius told Fox Business. "I can't take my money out. The government is restricting flow of money out of the country."
Mr Mobius' comments were circulated on Chinese social media site WeChat over the weekend, at the same time as China's Two Sessions annual parliamentary meetings, which reveal the nation's policies for the coming year.
Mr Mobius is an American-born German emerging markets fund manager and founder of Mobius Capital Partners LLP.
"I have an account with HSBC in Shanghai," Mr Mobius told Fox Business. "I can't take my money out. The government is restricting flow of money out of the country."
Mr Mobius' comments were circulated on Chinese social media site WeChat over the weekend, at the same time as China's Two Sessions annual parliamentary meetings, which reveal the nation's policies for the coming year.