The Potential Growth In Asian Capital Markets

I do think that Asia, so Hong Kong, Shanghai, I think those center are going to grow in influence over time as more and more wealth is created in Asia, as more savings are accumulated that need to be invested. I think, the capital markets will grow in those regions. Right now, a lot of it is outsourced to places like London and New York but I think over time they will do more of that in-house.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.