The CSRC under Wu Qing will aim to develop 10 first-class brokerages including two or three that can compete with top global names like Goldman Sachs and Morgan Stanley by 2035.

The cuts will affect less than 1 per cent of employees in the wealth-management business, according to a source.

Over its 27-year partnership with OSC, Morgan Stanley has donated nearly HK$60 million, benefiting more than 310 charity projects.

China’s stocks will probably notch up mild gains in 2024, as policymakers’ efforts to spur growth will be partially offset by long-term structural challenges, particularly around debt and deflation, according to Morgan Stanley.

Ampere Partners, a boutique Hong Kong-based firm founded by former Morgan Stanley deal makers Crawford Jamieson and Daniel Wetstein, will act as financial adviser on the deal, which could raise US$1 billion.

The investment bank cuts its recommendation on the MSCI China Index to equal weight from overweight for the first time since December as a ‘lack of quick follow-through of actionable easing measures could lead to a retreat’.

Hong Kong stocks were on the backfoot retreating for the third straight day after Morgan Stanley downgraded Chinese stocks to equal-weight although positive services data helped cap losses.

Celebrity chef Judy Joo has hosted her own TV show, worked in Michelin-star restaurants and opened Seoul Bird, a quick-service restaurant in London. She talks about switching careers from the finance industry.

More analysts are toning down their bullish expectations on Chinese stocks after recent data misses. Without a bigger slide in the economy, chances of a big policy stimulus are low, Nomura said.

US investment bank has recommended adding exposure to Chinese consumer stocks, as an improvement in the country’s jobs market is set to boost household incomes and unwind excess savings to further buoy consumption.

Firm will shed 5 per cent of staff, excluding financial advisers and personnel supporting them, sources say.

Morgan Stanley’s aim for establishing its wholly-owned futures company in China has made some progress as Beijing officially accepted the application.

The China Securities Regulatory Commission has approved Morgan Stanley to take full control in its mainland Chinese mutual fund unit in the latest move by a country allowing international players greater access to its US$3.9 trillion asset management market.

With US-China ties worse off under Joe Biden than they were under Donald Trump, the two sides should rebuild trust and set up a secretariat in Switzerland to manage their relationship, suggests former Morgan Stanley Asia chairman Stephen Roach.

The alignment of economic, regulatory and Covid policies for the first time in four years is likely to result in stronger stock market recovery, according to a Morgan Stanley report.

For Beijing-based CICC, the new travel measures reflect its commitment to “strictly implement the spirit” of government regulations and follow the expense policy of its state-owned parent, according to the document.

Hong Kong’s home prices will drop 5 per cent in the first quarter, before gaining 5 per cent towards the end of the year, Citi said in a report on Tuesday.

Investment bank raises HK$5.4 million for annual charity campaign run by South China Morning Post and public broadcaster RTHK.

Buy calls on Chinese stocks are getting louder, as growing signs of departure from zero-Covid policy strengthen conviction among analysts.

Urban flood damage could cost China US$77 billion in 2030 and six times that in 2080, but investors have yet to price in these costs, Morgan Stanley analysts say.

Hong Kong’s bourse operator may have to wait longer to extract the benefits of more IPOs and trading volume as the US-China audit deal could allow Chinese companies to keep their New York listing status.

Wishful thinking to expect China will fix the housing crisis before the Party Congress, while problems at home and rising geopolitical tensions make assets ‘only selectively investable’.

Tianqi Lithium, Asia’s second-largest lithium compound producer, has received queries from the Shenzhen Stock Exchange about a 49.7 million yuan (US$7.4 million) derivative loss linked to US$159 million option-linked loan contracts it obtained from US bank Morgan Stanley in 2019.

Hong Kong stocks will probably lose out to China’s yuan-traded shares in 2022, with the onshore market set to benefit more from Beijing’s policy loosening and a flurry of government drives, the US investment bank said.

Home prices in Hong Kong may have reached a turning point, with second-hand prices falling by 0.86 per cent in October from a peak in August, the biggest monthly decline in 14 months.

After a week-long auction, the highest bid this year was HK$537,718 for a cake made by a senior bank employee.

Citadel is the latest company to offer to ease the burden on its staff for quarantine stays as the city maintains a restrictive zero-Covid policy.

The discovery of Omicron, the new Covid-19 strain, has brought a fresh wave of volatility to Asian markets, which have reacted with alarm to the WHO declaring it a “variant of concern”.

Morgan Stanley is the latest bank to try to ease the burden on its Hong Kong staff of the city’s restrictive quarantine policies.