"As common practices in many countries commercial banks conduct businesses under operational procedures and control requirements for processing transactions appropriately," a HSBC China spokesperson said via email, declining to comment on individual client circumstances. (Reporting by Shanghai newsroom; Editing by Christopher Cushing)
Messaging: samuel.shen.thomsonreuters.com@reuters.net)) SHANGHAI, March 7 (Reuters) - HSBC China said on Tuesday
it did not receive any instructions from Chinese regulators to
restrict outbound remittance, and was not aware of any Chinese
policy changes recently regarding cross-border capital outflow.
HSBC China made the statement in response to Reuters'
questions regarding billionaire investor Mark Mobius' claims
that he cannot take his money out of China from his account with
HSBC in Shanghai due to China's capital controls.
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