Morgan Stanley has a chance to raise stakes in China ventures

Morgan Stanley has a chance to raise stakes in China ventures

A pedestrian is reflected in the exterior of Morgan Stanley headquarters in New York, U.S., on Thursday, July 12, 2018. Photographer: Bess Adler/Bloomberg

Shanghai Chinafortune Co said on Friday its brokerage subsidiary plans to sell stakes in Morgan Stanley’s Chinese securities and mutual fund ventures, potentially enabling the U.S. bank to move toward full control.

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