Morgan Stanley moves step closer to setting up futures company in China

Morgan Stanley moves step closer to setting up futures company in China

FILE PHOTO: People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo

Morgan Stanley said on Thursday it looks forward to setting up a futures company in China after the country’s securities regulator accepted its application.