21.09.2010 - London may face competition from emerging economies: Tony Tan
From Channelnewsasia.com: Financial markets like London may face stiff competition as fast-growing emerging economies like China and India attract more investments. The Government of Investment Corporation or GIC's Deputy Chairman and Executive Director, Tony Tan, said this at the UK Financial Service Forum Panel held in London on Monday. Dr Tan said: "For investors, the rise of emerging markets will mean that a larger proportion of their investments will be in these markets. Far from being a risky and perhaps alternative part of their portfolio, emerging markets will become a core and unavoidable asset class in global portfolios.".............................................Full Article: Source
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