Of the world's estimated 2,640 billionaires, at least 562 are thought to be in China, according to Forbes, down from 607 last year. With crackdowns on financiers and a roiling political climate, many of China's rich people are looking to move their money, and themselves, out of the country.
Mark Mobius revealed that he has money trapped in an HSBC account in Shanghai. Veteran emerging-markets investor Mark Mobius said that investors should be very, very careful investing in China, after struggling to get his money out of the country.