China rebuffs billionaire investor Mark Mobius's warning that the government made it harder to get money out, report says

• Mark Mobius said last week he couldn't pull investment funds from his bank account in Shanghai.
• He said China's government was putting "all kinds of barriers" up and he would be careful investing there.

China is pushing back against billionaire investor Mark Mobius's recent warning that the nation was restricting capital outflows.

The pioneering emerging-markets investor said last week he was unable to pull his funds from an HSBC bank account in Shanghai. The Chinese government was putting "all kinds of barriers" up to make it hard for investors to take out their money and he would be extremely careful investing there, Mobius added.

But Chinese authorities from the State Administration on Foreign Exchange (SAFE) have told CNBC that nothing had changed in the country's policy on cross-border fund transfers.

"We have noticed that relevant market participants have doubts about the bank's handling of their personal fund remittance businesses," SAFE said in a Monday statement to CNBC.

"There is no change in the country's policy on cross-border remittance of funds," it added.

While the administrative agency didn't mention HSBC by name – the bank where Mobius has his account – in the statement, officials told CNBC it's merely a matter of a "basic process and internal control requirements of the bank handling specific business."

Meanwhile, Mobius told Hong Kong newspaper Ming Pao that the issue seemed to have been resolved, but he didn't give specifics on how that happened, according to reports Tuesday by CNBC and other media outlets.

Mobius, the founder of Mobius Capital Partners, has spent years traveling the world in pursuit of finding investment opportunities.

"I'm personally affected because I have an account with HSBC in Shanghai. I can't get my money out. The government is restricting the flow of money out of the country," he said in the Fox Business interview last Thursday. "So I would be very, very careful investing in China."

"It's just amazing. They're putting all kinds of barriers," he said. "They don't say, 'No, you can't get your money out,' but they say, 'Give us all the records from 20 years of how you've made this money,' and so forth. It's crazy," Mobius added.