Morgan Stanley launch RMB fund JV with Hangzhou
Morgan Stanley, one of the most successful investors in China, has entered the RMB funds market with its own vehicle. Called the Morgan Stanley (China) Private Equity Investment Management Company Limited, the vehicle will be a joint venture with Hangzhou Industrial & Commercial Trust Co.
The entity, which will be registered in Hangzhou in the Zhejiang Province of China, will be 80% owned by Morgan Stanley with Hangzhou Trust holding the remaining interest. The JV will launch a RMB denominated...
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