FILE PHOTO: A file photo showing the logo of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton

Morgan Stanley has received China securities regulator’s approval to be the actual controller of its Chinese fund management firm Morgan Stanley Huaxin Fund Management Co Ltd (MSHF), the regulator said on Friday.

China has also given approval for Morgan Stanley International Holdings Inc to invest 127.5 million yuan ($18.92 million) in the fund management firm, accounting for a 51% stake of its registered capital, the China Securities Regulatory Commission said.

The Shenzhen-headquartered MSHF was jointly set up by Morgan Stanley and its partner Huaxin Securities in 2008, according to the company’s official site.


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