Mark Mobius: Be ‘very, very careful’ when investing in China 00:00 00:0006:05GO LIVE Facebook Twitter Email Embed SpeedNormal Autoplay Mark Mobius, who allocates capital all over the world, has raised a red flag about doing business – or trying to bow out of your business – with China. "I’m personally affected because I have an account with HSBC in Shanghai. I can’t get my money out. The government is restricting the flow of money out of the country," Mobius told FOX Business host Maria Bartiromo. "So I would be very, very careful investing in China ." On " Mornings with Maria " Thursday, the Mobius Capital Partners founder noted that China’s bottom line is moving "in a completely different direction" than its former open-minded-market revolutionary leader Deng Xiaoping. "Now you have a government which is taking gold in shares in companies all over China. That means they’re going to try to control all these companies," Mobius explained. "So I don’t think it’s a very good picture when you see the government becoming more and more control oriented in the economy." CHINA ANNOUNCES NEW SANCTIONS AGAINST LOCKHEED MARTIN, RAYTHEON FOR TAIWAN MILITARY SALES China has made a "very significant" effort […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
