Morgan Stanley Owns a Business Without Investment

Boxun shows in a report that the famous Wall Street company Morgan Stanley has a venture in Beijing. However, Morgan Stanley did not invest. The venture was started by the son of He Guoqiang, a former Chinese leader.

There are other similar ventures that foreign companies did not invest in or invest in little. Partners in China just want to use the company name in order to have a more formal and trusted image.

http://news.boxun.com/news/gb/china/2013/07/201307300022.shtml