Chinese market remains vigorous

"Chinese market will remain vigorous in corporate strategy and the sphere of capital market in the second half year 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 upon his return to Morgan Stanley. And he said, the all-out effort to open up the Chinese market constitutes an important component part of the global development strategy of Morgan Stanley, and Morgan Stanley 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 covers all the business types with the permits of the Chinese mainland's regulations.

Morgan Stanley has assisted clients in China by raising a total of 35.7 billion US dollars on the international capital market since the year 2000 and its total income of 36.8 billion dollars were attained from 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 epitomize 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 as well as providing more choices for investors, which will substantively contribute to helping China build a world-class securities market."

By People's Daily Online