GUANGZHOU (Fund China) - According to a notice of the China Securities Regulatory Commission, Jutian Fund Management co. has changed for Morgan Stanley Huaxin fund management co.. With regulatory approval, Morgan Stanley will hold 40 percent stock of this fund management company and become its largest shareholder. The deal is China’s fund management industry step in large-scale reorganization of assets, Huaxin securities company owned 30 percent stock after restructure.

The charge of Z-Ben Advisors Ltd. Peter. Alexander expressed that over the past few years, many foreign investors are interested in buying China fund management company shares, but they hesitate in price. They are shortage in expecting the Chinese fund companies’ development. He stressed that to the end of this year, The chinese fund industry’s assets expects to reach high record, at least 3.5 trillion yuan.

The latest data shows that Morgan Stanley manage asset is up to 478 billion U.S.dollars. At present, Morgan Stanley is Yinhua global core Fund’s overseas investment adviser. The industry believes that the Morgan Stanley’s superior ability in global asset allocation can provide first-class asset allocation proposal for QDII products investment.

Copyright Fund China 2008.

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