INVESTMENT BANKING - Morgan Stanley's ten year itch
With its ten year old CICC joint venture, Morgan Stanley has been able to sit back and watch the scramble as global investment banks rush to tie up joint ventures with local securities houses. But as arch rival Goldman Sachs begins to build its new China investment bank, it's becoming clear that past success may not ensure Morgan Stanley's future dominance in China investment banking. Keri Geiger reports.
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