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

Billionaire Mark Mobius told Fox Business he cannot take his money out of China due to the country’s capital controls. - The Straits Times/ANN

SHANGHAI, March 5 (Reuters): 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 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.