Morgan Stanley wants majority ownership in Chinese JV: CEO James Gorman
Morgan Stanley wants to obtain majority ownership of a joint venture in China, but regulators there have not signed off on the idea, Chief Executive Officer James Gorman said on Wednesday.
Morgan Stanley, the sixth-largest U.S. bank by assets, has a mutual funds joint venture in China called Morgan Stanley Huaxin Fund Management Co, as well as a securities joint venture with Huaxin Securities. Photo: Reuters