Morgan Stanley has announced the official launch of its futures company in China. The new entity, Morgan Stanley Futures (China) Co., Ltd., is a wholly-owned subsidiary and will provide brokerage services for China's onshore commodity futures market.
Gokul Laroia, CEO of Asia at Morgan Stanley, commented on the development: “This is another important step forward for the Firm in China as we continue to build our integrated platform to best support domestic and international clients.”
The company received approval from the China Securities Regulatory Committee (CSRC) in May 2023. This makes Morgan Stanley one of the first international financial services firms to fully own a futures company in China.
Based in Beijing, Morgan Stanley Futures (China) Co., Ltd. currently offers brokerage services for commodity futures listed on several exchanges including Dalian Commodity Exchange, Shanghai Futures Exchange, Shanghai International Energy Exchange, and Zhengzhou Commodity Exchange. The firm plans to expand its offerings to include equity and fixed-income financial futures and options traded on the China Financial Futures Exchange once it secures the necessary qualifications.