Apr 07, 2023 07:12 PM

FINANCE

Morgan Stanley Plans to Launch Futures Business in China

What’s new: Morgan Stanley is planning to set up a futures company in China’s $80 trillion market.

The China Securities Regulatory Commission (CSRC) received the U.S. financial services giant’s application on Monday, according to the regulator’s website.

If approved, the unit would be the second wholly foreign-owned futures business in the world’s second-largest economy, following a rival owned by JPMorgan Chase & Co.

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