Morgan Stanley's Local Unit Set to Trade in China's Derivatives Market

Morgan Stanley (NYSE:MS) has received final approval to launch futures trading in China through a newly established unit, becoming the second largest U.S. company to enter the derivatives market of the world's second-largest economy. According to a statement from the regulatory authority, Morgan Stanley Futures China, which is wholly owned by the American bank, was listed as a licensed institution for the first time by the China Securities Regulatory Commission on Friday. The trading volume of China's futures market reached 568 trillion yuan in 2023, marking a 6% increase compared to a year earlier across six major futures exchanges.