GIC: Hot-Money Inflows May Cause Overheating, Asset Bubbles If Not Well-Managed

NasdaqSINGAPORE -(Dow Jones)- Government of Singapore Investment Corp. Deputy Chairman Tony Tan said so-called hot-money inflows may cause economies to overheat and create asset bubbles if they aren't well managed, but he added that countries shouldn't impose capital controls that would hurt long-term capital investments. Full story