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. According to officials at the State Administration on Foreign Exchange (SAFE), the issue faced by Mobius is a matter of a "basic process and internal control requirements of the bank handling specific business." Mobius is far from the only person to experience this problem, with officials stating that cross-border capital flows out of China are operating as normal.

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