China approves Morgan Stanley as actual controller of its local JV

China approves Morgan Stanley as actual controller of its local JV

FILE PHOTO: A file photo showing the logo of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton

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.