The Shenzhen headquartered MSHF was jointly set up by Morgan
Stanley and its partner Huaxin Securities in 2008, according to
the company's official site.
($1 = 6.7380 Chinese yuan renminbi)
(Reporting by Hong Kong newsroom. Editing by Jane Merriman)
BEIJING, Feb 3 (Reuters) - Morgan Stanley has
received China securities regulator's approval to be the actual
controller of its Chinese fund management firm Morgan Stanley
Huaxin Fund Management Co Ltd (MSHF), the regulator said on
Friday.
China has also given approval for Morgan Stanley
International Holdings Inc to invest 127.5 million yuan ($18.92
million) in the fund management firm, accounting for a 51% stake
of its registered capital, the China Securities Regulatory
Commission said.
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