Morgan Stanley sets up futures firm in China

By Global Times

Jul 26, 2023 12:16 am

US-BASED Morgan Stanley has set up a wholly owned futures company in Beijing, expanding its structure in China as the country further opens its financial sector to global players, domestic financial information provider Aiqicha revealed.

With registered capital of 1 billion yuan ($138.9 million), the new company opened for business on Thursday, another milestone in the opening-up and internationalization of the nation's financial sector, a Chinese expert said on Monday.

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