Morgan Stanley is
buying stakes put up for sale by its partner in their China
securities and mutual funds joint ventures for about $150
million, according to a statement by the partner, moving. | May 30, 2021
With China s national-level carbon trading program ready to start by the end of June, domestic and foreign experts put high hopes on China s role in achieving carbon neutrality worldwide. China is also expected to gain strong pricing power, given its unprecedented efforts to cut carbon emissions, experts said on Sunday.
UPDATE 1-Morgan Stanley nears full ownership of China ventures with stake buys Reuters 1 hr ago
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HONG KONG, May 28 (Reuters) - Morgan Stanley is buying stakes put up for sale by its partner in their China securities and mutual funds joint ventures for about $150 million, according to a statement by the partner, moving towards full ownership of the businesses.
The Wall Street bank joins several other foreign banks that are looking to take full ownership of their Chinese businesses after Beijing scrapped foreign ownership limits in the securities and mutual fund industry on April 1 last year.
Outright ownership could allow foreign banks to expand their operations in the multitrillion-dollar Chinese financial sector, and better integrate them with their global businesses.