Morgan Stanley a step closer to setting up futures company in China

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Morgan Stanley said on Thursday it looks forward to setting up a futures company in China after the country's securities regulator accepted its application.

People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermidsaid on Thursday it looks forward to setting up a futures company in China after the country's securities regulator accepted its application.

China Securities Regulatory Commission accepted Morgan Stanley's application to open up a futures business in the world's second-largest economy on Monday, according to CSRC's website. A Morgan Stanley spokesperson said the bank "looks forward to establishing a futures company in China as we grow our domestic business footprint."became the first foreign bank that fully owns a futures company in China in 2020. Morgan Stanley would potentially become the second foreign bank to wholly own a futures business in China should its application get CSRC's approval.

China's State Council announced as early as 2021 it would launch more futures contracts and accelerate efforts to bring in more overseas investors.

 

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Great!!it's almost like leveraged gambling isn't the reason we're in such a shitty economy in the first place!! So let's spread our degenerative disease to the rest of the world!! That will surely fix all of our problems.

And many others would sure que up in this endeavous to save themselves from ruin as desired by US Empire in order to further Nazi-loving 'proxy= to hot war!

They should hire hunter biden

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