Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
China Locking Accounts?
LebamDawg
Member Posts: 8,716 
in Tug Tavern
Well damn this should not affect our economy at all...no one else has $$$$ tied up inside China
https://markets.businessinsider.com/news/stocks/mark-mobius-china-investing-capital-restricting-outflows-markets-strategy-jinping-2023-3
"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.
"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 said on Thursday on the Fox Business show "Mornings with Maria". "So I would be very, very careful investing in China," the founder of Mobius Capital Partners said.
https://markets.businessinsider.com/news/stocks/mark-mobius-china-investing-capital-restricting-outflows-markets-strategy-jinping-2023-3
"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.
"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 said on Thursday on the Fox Business show "Mornings with Maria". "So I would be very, very careful investing in China," the founder of Mobius Capital Partners said.
Comments