Exclusive | Mark Mobius still keen on investing in China after recent hiccup, but wants Beijing to relax capital controls
- ‘My view on China has not changed and we are still looking at investment opportunities,’ Mobius says
- The veteran emerging markets investor believes the current banking crisis in the US and Europe will not morph into global crisis and is unlikely to impact China
China’s economy and stock markets are expected to see strong growth this year because of the impetus provided by the border reopening and government policies, according to investment guru Mark Mobius.
Mobius, who had earlier expressed concerns about China’s capital controls, said he was positive on the country, but believed that the country would be more attractive to foreign investors if Beijing relaxes its control on capital flows.
“My view on China has not changed,” he told the Post in an interview. “We are still looking at investment opportunities in China. I’m still positive about investing in China, Hong Kong and Taiwan.”
“The Chinese government is taking measures to revitalise the economy,” Mobius said, adding “it is a very good sign” that Beijing is committed to supporting private enterprise.
