Morgan Stanley set to buy larger stakes in China securities, funds joint ventures

//Morgan Stanley set to buy larger stakes in China securities, funds joint ventures

Morgan Stanley set to buy larger stakes in China securities, funds joint ventures

Morgan Stanley is set to buy stakes in its Chinese securities and mutual fund joint ventures for 958.6 million yuan (US$150 million), giving it greater control of those companies as the country’s financial sector further opens up to foreign lenders.China Fortune Securities Company plans to sell a 39 per cent stake in Morgan Stanley Huaxin Securities, and its entire 36 per cent stake in Morgan Stanley Huaxin Fund Management Company to the American investment bank, the company said in filings…

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By | 2021-05-28T12:50:31+00:00 May 28th, 2021|Business|Comments Off on Morgan Stanley set to buy larger stakes in China securities, funds joint ventures