'I can't get my money out': Billionaire investor Mark Mobius says China is restricting flows of capital out of the country
Mark Mobius, a pioneer in emerging markets investing, said China is restricting investment outflows from the country, a move that would be taking place as the world's second-largest economy is trying to shake off pressure from COVID-19 lockdowns.
Mobius, who has spent decades traveling the world searching for investment opportunities, said he hasn't been able to get an explanation about why he's running into the restrictions in China. Hong Kong, on the other hand,"seems to be a little more open," he said. The previous executive chairman of Templeton Emerging Markets Group said he's been able to get his money"in and out" of the financial center. was expected to cement his third term at a key government meeting starting this weekend.
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