Morgan Stanley and JPMorgan both have been approved by Chinese regulators to form respective joint ventures, which will, in turn, give them an entry into China’s securities markets, according to reports.

This will mark JPMorgan’s first foray into China as it teams up with First Capital Securities of Shenzhen for a 33% stake in their venture, according to a news posting on JPMorgan’s website. For Morgan Stanley, this is the second push into China. It had formed a joint venture with CICC in the 1990s, but recently sold that stake. This time, it will team up with Huaxin Securities Co. Ltd. and will also take a 33% stake, according to press reports.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access