China has given the green light for the launch of the country’s second US-owned futures unit.
Morgan Stanley has obtained final approval to launch its wholly-owned futures unit in mainland China, according to regulatory filings. Morgan Stanley Futures (China) was listed as a licensed institution for the first time by the China Securities Regulatory Commission.
«We will continue to work closely with relevant regulators and futures exchanges and we look forward to launching the business soon,» the firm said.
Morgan Stanley became the second US bank to launch a futures unit in China after rival J.P. Morgan in 2020. In 2023, the trading volume of China’s futures market rose 6 percent year-on-year to reach 568 trillion yuan ($80 trillion) across six main exchanges, according to public data.
