Billionaire Mark Mobius has investments stuck in China. The Chinese government is making it impossible for him to cash out. What’s going on? Please consider ‘I Can’t Get My Money Out’.
- Emerging markets investing veteran Mark Mobius says China is restricting capital outflows.
- Mark Mobius told Fox Business “Mornings with Maria” that he couldn’t pull investment funds from his account in Shanghai.
- Mark Mobius also mentioned that China requires joint investments with international companies that give them “Golden Shares” that effectively give them ultimate control of the company to China.
- “I would be very, very careful investing in China,” the founder of Mobius Capital Partners said.
Check out the Mark Mobius interview on Fox Business below.
“It’s just amazing. They’re putting all kinds of barriers,” he said. “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’ve made this money,’ and so forth. It’s crazy.”
