We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

One careful owner

5 November 2009 By John Foley

Morgan Stanley is selling its stake in Chinese securities firm CICC because the Wall Street bank couldn t advance its strategic ambitions without control. The compensation could be annualised returns of 30%. The new owner should see this as a purely financial play.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)