Gokul Laroia, Morgan Stanley’s co-CEO, is expressing bullishness about China and refers to increase deal flow and IPO activity.
“China has attempted to rebalance its economy over the past few years by transitioning from a factory-led model of growth to one that’s driven by services and consumption, or what is often referred to as its “new economy.” That shift has been reflected in the types of businesses with which the investment bank has been talking.”
China is positive for world economy growth, James Gorman, Morgan Stanley’s chairman and CEO said. The scale of businesses in China are undeniably large and we all know for a fact that China is leading in terms of businesses. This makes Morgan Stanley view their business in China positively.
Morgan Stanley currently offers wealth management, asset management, sales and trading in fixed income and equities, and investment banking services globally. Since China is doing good economically, Morgan Stanley foresees a good future with their businesses in China.
You may be interested
Job Hiring is Picking Up as Employers and Consumers Gain ConfidenceLamont J - March 29, 2021
The recent government stimulus for small and medium-sized businesses, personal stimulus checks, and declining Coronavirus cases, are all great news…
Fed Could Maintain 0% Interest Rate Until 2024Adam R - March 26, 2021
The Federal Reserve is holding its target interest rate in a range of 0.00% - 0.25%, even while the economy…