you have mobius templeton saying that it makes no sense.ontrols exist in china, investors will not be able to fully take advantage of these equities. they will have to be underweight. they will not be able to take advantage if there is a rally. >> they want to be able to play separately from the emerging markets as a whole? >> if you are allowed to access them. there is capital control. that means that you cannot own the shares. have licenses from regulatory agencies. even then, you must have a quota. if you cannot cap this, there is no point in having this index. >> why are they doing this? there seems to be so much resistance. >> he would be able to tap a greater number of companies. there are almost 3000 that trade in the mainland indexes versus 140 in china. it would bring about $12 billion. it would bring that to these indexes. mobius says that this is a little bit of detail winding the dog. it will prompt, further opening up their markets. china a little bit. it is an interesting perspective. it thinks that the resorts are worth getti

mobius, chairman of templeton emerging markets group says he will not invest in ali baba over concernsorate governance. listen to what he has to say. >> it is a big field. it is no question about that china is going to be more tech oriented, internet shopping is a global phenomenon now, and it is growing very fast. you have to pay the attention. but corporate governance is an issue. >> interesting stuff here. is no longer there a lot of big companies and technology that have dual share class, and it has been the way that owners and technology companies lately have been looking to control the company made >> google was one of the first. when you make of mark mobius's comments? this is a structure that is becoming more prominent in technology companies. >> a lot of technology companies like facebook of and going back to google and zynga, they been able to get away with this because there has been so much demand for their stock at the time of the ipo. after, shareholders of basically been able to and willing to say we're not would have a vote and we are not going to have control, but we c