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.
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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