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Chinese investor participation will revitalize the country's market, Mark Mobius said. "Going forward, it'll be the Chinese investors who will revive the Chinese market, because at the end of the day, it's not foreign investors who drive the Chinese market. It's the Chinese investors," the Mobius Capital Partners co-founder said. As the economy has disappointed, even investors in China are bailing on Chinese markets and shifting their money overseas. Because remember, the Chinese look at property as an investment — as a very key investment, a much bigger thing than in other parts of the world," Mobius said.
Persons: Mark Mobius, , it'll, it's, Mobius Organizations: Bloomberg, Service, Mobius Capital Partners Locations: China, Beijing
Here's where Mark Mobius is looking to invest outside the U.S.
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's where Mark Mobius is looking to invest outside the U.S.Mark Mobius, founder of Mobius Capital Partners, discusses which emerging markets look most appealing. Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuffett's Japanese stock purchases could indicate a bigger plan, says Mobius Capital's Mark MobiusMark Mobius, founding partner at Mobius Capital Partners, joins 'The Exchange' to discuss Warren Buffett increasing his stake in five Japaneses companies, and finding value overseas.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no question the Fed will continue raising interest rates, Mark Mobius saysMark Mobius of Mobius Capital Partners says U.S. money supply has gone down, but not much.
"What's unclear for us is how much of these banking stresses are leading to a widespread credit crunch. And then that credit crunch, just as you said, would then slow down the economy," Minneapolis Fed President Neel Kashkari said in an interview with CBS' Face The Nation. "What's unclear for us is how much of these banking stresses are leading to a widespread credit crunch. And then that credit crunch, just as you said, would then slow down the economy," he said. "But right now, it's unclear how much of an imprint these banking stresses are going to have on the economy.
Between fighting inflation or the bank crisis, the Federal Reserve leaned toward the former. Wednesday's move comes despite the bank crisis, which previously led investors to price in a series of Fed rate cuts starting this summer. Indeed, Wall Street has started pointing to the facts on the ground when it comes to financial conditions. The banks are still tightening credit conditions and … non-bank lenders are as well," he told Bloomberg TV hours before the Fed meeting. Billionaire investor Mark Mobius says he is "very, very skeptical" of investing in bank stocks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the Fed keeps raising rates, you're going to have a lot of banks in trouble: Mark MobiusMark Mobius, Mobius Capital founding partner, joins 'Squawk Box' to discuss Mobius' chief concerns with the global economy, what could happen if the Federal Reserve raises rates and where Mobius is moving his money.
Mark Mobius generally avoids buying bank stocks, saying their operations are too opaque. Mobius said he has an account in a Dubai bank, and recommended that depositors diversify. "I'm very, very skeptical of banks generally, even the petrobanks, because they're so opaque," he said. Despite his concerns about buying bank stocks, Mobius still feels safe putting his cash in banks, noting that he has an account in Dubai. "If the Fed keeps on raising rates, you're going to have a lot of banks in trouble," Mobius said.
Mark Mobius is betting big on Taiwan, after warning against putting money into China. "Taiwan is now our largest allocation," the billionaire investor told Bloomberg TV. Mobius' focus on Taiwan is spurred by his bullish outlook on the semiconductor industry. Of course, it's Taiwan, a province of China," Mobius said. "The tech industry is number one for us, particularly anything related to semiconductors," Mobius told Bloomberg TV, describing chips as the top category in his portfolio.
HSBC China made the statement in response to Reuters' questions regarding Mark Mobius' claims that he could not remit his money out of China from his account with HSBC in Shanghai due to China's capital controls. Mobius, founder of Mobius Capital Partners, told FOX Business last week that he faced all kinds of barriers in the process, including requirements to show records from 20 years of how he made the money. HSBC China declined to comment on individual client circumstances but said: "As common practices in many countries commercial banks conduct businesses under operational procedures and control requirements for processing transactions appropriately." The Chinese forex regulator added it will urge commercial banks to optimise cross-border financial services and improve quality of service. Reporting by Shanghai newsroom; Editing by Christopher Cushing and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.
Chinese authorities have denied claims by billionaire investor Mark Mobius, who said he is unable to wire funds out of China due to government restrictions on capital flow. Asked in an interview with Fox Business last week about whether he's reduced his exposure to China, Mobius said, "the government is restricting the flow of money out of the country." He warned investors of "all kinds of barriers" imposed by the government. "I'm personally affected because I have an account with HSBC in Shanghai," he told Fox Business. They did not name HSBC .
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina says policies for cross-border withdrawals have not changedChinese regulator, the State Administration on Foreign Exchange, says rules on withdrawing money from China have not changed. The comments come after billionaire investor Mark Mobius said Beijing was "restricting the flow of money out of the country." CNBC's Evelyn Cheng reports.
Mark Mobius: Investor says he cannot get his money out of China
  + stars: | 2023-03-06 | by ( ) edition.cnn.com   time to read: +1 min
Mark Mobius has said 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. 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. They don’t say: No, you can’t get your money out. Mobius led emerging market investment at Franklin Templeton Investments for three decades and is known for his bullish view on China. Mobius and HSBC could not be reached at the weekend.
Growth in China is no longer a priority: China Beige Book CEO
  + stars: | 2023-03-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowth in China is no longer a priority: China Beige Book CEOLeland Miller, China Beige Book CEO, joins CNBC's 'Squawk Box' to discuss billionaire investor Mark Mobius' recent comments on investment in China, whether China is focused on things other than growth, and more.
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 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. Mobius led emerging market investment at Franklin Templeton Investments for three decades and is known for his bullish view on China. Mobius, who calls himself "the Indiana Jones of Emerging Market investing", told FOX Business he's increasing exposure to alternative markets such as India and Brazil.
Emerging markets investing veteran Mark Mobius says China is restricting capital outflows. Mobius said he's been unable to get an explanation about the "crazy" restriction. 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. 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.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOutlook for emerging markets looks good this year, says Mobius Capital Partners' Mark MobiusMark Mobius, Mobius Capital Partners, joins 'Squawk on the Street' to discuss his thoughts on finding value overseas, breaking down emerging markets.
One major emerging markets guru, Mark Mobius of Mobius Capital Partners LLP, remains bullish despite the earthquake disaster and economic problems. "When it comes to investing in Turkey, we still believe it's a viable place to invest," Mobius said. Mobius did note the glaring issue of Turkey's earthquake preparation, which may soon come to haunt Erdogan's election chances. NATO and Turkey's powerful role on the global stageInternationally, Turkey's future affects the war in Ukraine, given Erdogan's role as a mediator between Ukraine and Russia. Russian President Vladimir Putin is expected to meet Turkey's President Recep Tayyip Erdogan on Thursday.
Investor Mark Mobius was put off Adani's massive planned share sale because of concerns about the group's debt pile and exposure to political risk, he told CNBC Tuesday. So that's one of the big problems that I had," Mobius said. His firm, Mobius Capital Partners, focuses on emerging markets and India is one of its top allocations. Companies including Adani Enterprises, Adani Transmission, Adani Green Energy, Adani Power and Adani Total Gas have plummeted in value since then, with the group shedding more than $113 billion from its market value. On Feb. 1, Adani called off a fully subscribed $2.5 billion sale of Adani Enterprises shares, citing the stock price movements.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe still think Turkey is a 'viable' place to invest, Mark Mobius saysMark Mobius of Mark Mobius Capital Partners says Turkish businesspeople have been able to adjust, "even with high inflation and with a very weak Turkish lira."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndian index hasn't suffered that much from Adani fallout, Mark Mobius saysMark Mobius of Mark Mobius Capital Partners discusses the crisis the Adani Group faces and what it means for international markets as well as India's.
Billionaire investor Mark Mobius said his firm avoided the share sale by Adani Enterprises that was later pulled. The Adani Group was accused of stock manipulation by short seller Hindenburg. Mobius said the problems surrounding Adani Enterprises and the Adani Group are specific to those entities. Adani Enterprises canceled a $2.5 billion share sale even after the offering was fully subscribed Tuesday with help from institutional investors. The short seller in response has stood its ground on the accusations.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMobius: China's expected recovery this year gives a big boost to emerging marketsMark Mobius, founding partner of Mobius Capital, says investors will do well this year by diversifying into emerging markets, as a weaker U.S. dollar will boost assets from those economies.
CNBC rounds up some of the boldest price calls for bitcoin in 2023. Bitcoin miners, who use power-intensive machines to verify transactions and mint new tokens, are being squeezed by the slump in prices and rising energy costs. "In prior down markets, miner capitulation has usually indicated major bottoms," Ayyar told CNBC. However, Mobius told CNBC that he is sticking for his $10,000 price call in 2023. "There will be a managed bull market in 2023, not a bubble -- so we won't see the price overshooting as before," she told CNBC.
The events of the year took many investors by surprise and made the task of predicting bitcoin's price that much harder. The crypto market was awash with pundits making feverish calls about where bitcoin was heading next. When asked about his $250,000 target earlier this month, the Draper Associates founder told CNBC $250,000 "is still my number" — but he's extending his prediction by six months. The entrepreneur says he's also done making bitcoin price predictions. Buehler said lack of risk management in the crypto industry, missing regulation and fraud have also been major factors affecting prices.
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