(Finance) – In order to favor the opening of the futures market to the outside world, the China Securities Regulatory Commission (CSRC) has decided to allow a Morgan Stanley Of set up the company Morgan Stanley Futures (China) in Beijing.
At the end of 2022 the CSRC, the Chinese stock exchange supervisory authority, had announced the will to further extend the reach of specific types of futures, enhance the participation of foreign traders, and support foreign financial institutions that control or hold a stake in Chinese futures trading firms.
The China Securities Regulatory Commission, reads today’s memo regarding Morgan Stanley, “will continue to deepen the opening up of the futures marketto support qualified foreign institutions to invest in domestic futures companies, to continuously improve the quality of market operations, and to serve the high-quality development of the real economy”.