Morgan Stanley China JV

Morgan Stanley and Huaxin start operations at China JV

The JV will be able to underwrite domestic A-share and bond issues and will enable Morgan Stanley to compete with key rivals Goldman Sachs and UBS on more equal terms in China.
June 13, 2011

Morgan Stanley and Huaxin Securities announced on Friday that they have started operations of their securities joint venture in China after receiving a business licence on May 30. The Shanghai-based JV will allow Morgan Stanley to underwrite and sponsor primary equity and bond issues in China’s domestic market and also to conduct proprietary trading of corporate and government bonds.

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