Morgan Stanley sees China's billionaires fuelling its Asia wealth business

Morgan Stanley sees China's billionaires fuelling its Asia wealth business

The Oriental Pearl Tower, center left, Shanghai World Financial Center, center, and the Shanghai Tower, center right, stand among other buildings in the Lujiazui Financial District along the Pudong riverside in this aerial photograph taken above Shanghai, China, on Monday, April 2, 2018. Photographer: Qilai Shen/Bloomberg

Morgan Stanley, which runs the world’s third-largest private bank, expects healthy growth in its Asian wealth operations this year, fueled in part by business from dealmakers and entrepreneurs in China’s smaller cities.

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