Morgan Stanley and J.P. Morgan cleared to set up China JVs

The approvals mark a key step for these firms to be able to underwrite domestic equity and bond issues in China. The two securities joint ventures are expected to receive their final business licences in the second quarter.

Morgan Stanley and J.P. Morgan have both received regulatory approval to set up securities joint ventures in China. The two JVs will be able to underwrite domestic equity and bond issues and will give the two US firms the same access to the Chinese market as Goldman Sachs, UBS, Credit Suisse and Deutsche Bank.

Before they can start operations, the new JVs to be set up by Morgan Stanley and J.P. Morgan together with their respective partners will also need a business licence a process that can take another three to six months. Typically that licence is viewed as a procedural issue, however. It is the approval to...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222