Opinion: Morgan Stanley's CICC exit is years too late

The US investment bank looks set to finally part ways with CICC, in which is has held an investment for 15 years. While it could raise US$1 billion from selling the stake Morgan Stanley's influence in the mainland's capital market has been set back five years, writes Chris Wright.

  • 02 Dec 2010

The odd story of Morgan Stanley’s involvement in China International Capital Corp. (CICC) is approaching its final chapter.

Following Monday’s (November 29) confirmation by the China Securities Regulatory Commission that it had approved Morgan Stanley’s plan to sell out of the domestic investment bank, the US house will ...

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 45,626.68 211 9.27%
2 HSBC 44,829.32 265 9.10%
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4 Bank of America Merrill Lynch 30,693.74 131 6.23%
5 Deutsche Bank 21,002.85 82 4.27%

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1 JPMorgan 13,739.39 37 12.32%
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5 HSBC 10,437.21 32 9.36%

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1 Citi 17,026.58 66 10.99%
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5 BNP Paribas 7,464.17 24 4.82%

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5 Citi 95.36 35 5.16%

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1 UniCredit 3,966.12 27 12.90%
2 SG Corporate & Investment Banking 2,798.04 16 9.10%
3 Citi 2,601.08 17 8.46%
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5 HSBC 1,663.71 16 5.41%

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5 Standard Chartered Bank 2,056.93 31 5.82%