China gives Morgan Stanley approval to launch local futures unit
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Morgan Stanley has received approval to launch a futures business in China, marking its entry into the Chinese derivatives market as the second major U.S. firm to do so.
November 05, 2024 | 12:30 pm
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Morgan Stanley has been approved to launch a futures business in China, expanding its presence in the Chinese derivatives market.
The approval allows Morgan Stanley to enter the Chinese derivatives market, which could lead to increased revenue opportunities and market presence in China. This strategic move is likely to positively impact its stock price in the short term.
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