Chinese market remains vigorous
(People's Daily Online)
Updated: 2006-07-03 19:48
"Chinese market will remain vigorous in corporate strategy and capital market
in the rest of 2006 with continuous search of growth opportunities by Chinese
companies and investors." Said John Mack, global Chairman and CEO of Morgan
Stanley in an interview recently.
It is the third time John Mack has visited China in a year after his
return to Morgan Stanley.
He said, the all-out effort to open up the Chinese market constitutes an
important part of Morgan Stanley's global development strategy, and
the company will participate in the Chinese capital market in its maximum
possible scope.
Morgan Stanley is one of the earliest international investment banks entering
into China with a history of more than 10 years and its business scope covering
all the business types permitted in Chinese mainland.
Morgan Stanley has assisted clients in China by raising a total of US$35.7
billion in the international capital market since 2000. It has also
netted a total income of US$36.8 billion by providing consultancies
for major mergers and acquisitions and corporate restructuring projects in China
during the same period.
Morgan Stanley was encouraged by a range of capital market reform measures
taken by the Chinese government recently.
These measures reflect the resolve and commitment of the Chinese
government to developing "a more effective and stronger capital market," John
Mack said.
"We are also convinced that partaking in the Chinese market with
international peers will be conducive to boosting the industry level while also
providing more choices for investors, which will help China build a world-class
securities market."
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