Core Points - Morgan Stanley announced the second dividend distribution for the 2025 fiscal year for the Morgan Stanley Wealthy 63-Month Open Bond Fund [1] - The dividend distribution base date was set for September 9, with a distribution plan of 0.10 yuan per 10 shares [1] - The record date for shareholders eligible for the dividend is September 23, and the cash dividend payment date is September 25 [1] Dividend Details - The fund's net asset value on the base date is 1.07 yuan [1] - Investors opting for reinvestment will have their shares calculated based on the fund's net asset value on September 23, 2025 [1] - The fund's registration agency will confirm the reinvested shares on September 24, 2025, and investors can check their status starting September 25, 2025 [1] Tax and Fees - According to regulations from the Ministry of Finance and the State Administration of Taxation, income from the fund's distribution is exempt from income tax [1] - There are no distribution fees for this dividend, and investors choosing reinvestment will not incur subscription fees for the converted shares [1]

Core Viewpoint - The Bank of England has decided to maintain its key interest rate, leading major financial institutions to adjust their forecasts regarding future rate cuts, with expectations that no further cuts will occur until 2025 [1] Group 1: Interest Rate Decisions - The Bank of England's decision to pause interest rate cuts follows a 25 basis point reduction in August, aligning with market expectations [1] - The decision is influenced by ongoing inflation pressures and uncertainties in economic growth and employment prospects [1] Group 2: Forecast Adjustments by Financial Institutions - Goldman Sachs and Morgan Stanley predict that the next round of easing by the Bank of England will begin in February 2026, with subsequent cuts occurring quarterly [1] - Both institutions note that a significant deterioration in economic data could lead to a potential rate cut in December [1] - JPMorgan has revised its forecast for the first rate cut from November 2025 to February and April 2026, emphasizing that a notable weakening in economic data could still make a December cut possible [1]

Group 1 - Morgan Stanley Wealth Management is expanding its workplace service offerings through an enhanced partnership with valuation software provider Carta, aimed at supporting private company founders, executives, and employees preparing for liquidity events and IPOs [1][3] - Carta, founded in 2012, specializes in various support areas for venture capital and private equity, including cap table management, valuations, taxes, and equity program management [2] - The expanded partnership will integrate Morgan Stanley's services into the Carta platform, providing access to advisors, research, financial education, planning, and cash management directly within the Carta portal [3] Group 2 - Morgan Stanley previously acquired and integrated Carta's competitor, Solium Capital, and its Shareworks platform, enhancing its capabilities in the equity management space [4] - In a separate development, Snowflake was recognized as Morgan Stanley's strategic partner of the year for its contributions to data-driven initiatives and AI innovation [5] - Snowflake has maintained a seven-year partnership with Morgan Stanley, assisting in the development of its modern data warehouse and serving as a key AI platform for data and analytics [6] Group 3 - Snappy Kraken launched its AUM Pipeline Dashboard to help advisory firms forecast growth by analyzing ROI on marketing activities [7] - The dashboard allows firms to monitor and configure pipeline stages centrally, facilitating the distribution of configurations to advisors [8] - At the advisor level, contacts are automatically segmented and moved between pipeline stages based on configurable filters that utilize various data sources, including marketing engagement signals and AI lead capture [9]

Group 1 - The Calvert US Select Equity ETF (NYSEARCA:CVSE) is scheduled for liquidation on or about October 20, 2025 [3] - Morgan Stanley Investment Management, a division of Morgan Stanley (NYSE:MS), announced the liquidation [3] - The ETF will cease to accept orders prior to its liquidation date [3]

Core Insights - Morgan Stanley Investment Management (MSIM) has launched the Tax Forward Investing Center, an innovative online educational platform aimed at simplifying investment tax management [1] - The Tax Forward Investing Center is the first of its kind, offering both live and on-demand continuing education courses for financial advisors to enhance their understanding of investment tax management [1] - The platform also includes access to various tools and featured insights to support financial advisors in their investment tax management practices [1]

Core Viewpoint - Morgan Stanley Investment Management, Inc. has announced the upcoming liquidation of the Calvert US Select Equity ETF (CVSE), following the approval of a Plan of Liquidation by the Board of the Trust [1] Group 1 - The assets of the Fund will be liquidated as part of the Plan of Liquidation [1] - Known or reasonably ascertainable liabilities of the Fund will be satisfied or provided for during the liquidation process [1] - The remaining proceeds after satisfying liabilities will be distributed accordingly [1]

Group 1 - The recent interest rate cut by the Federal Reserve on September 18 is seen as a significant opportunity for China, potentially attracting global capital seeking higher returns [1][4] - The Chinese real estate market has been adjusting policies to ease the burden on homebuyers, including allowing foreign investment in domestic real estate, which is expected to stimulate demand [3][4] - High-end properties in first-tier and strong second-tier cities are likely to become key targets for foreign capital as the attractiveness of dollar assets declines [4][5] Group 2 - Goldman Sachs maintains an overweight rating on A-shares and H-shares, suggesting investors buy on dips, particularly favoring leading private enterprises and sectors like artificial intelligence [5] - There has been a notable increase in foreign institutional interest in A-shares, with 415 foreign institutions conducting 1,885 research visits to listed companies since the beginning of the second half of the year, indicating strong confidence in China's economic resilience [6] - Historical trends show that previous Federal Reserve rate cuts have led to significant increases in foreign capital inflows into China's real estate market, particularly in luxury segments [8] Group 3 - Despite the positive signals from foreign capital, the fundamental demand in the real estate market remains weak, and the current policies may not be sufficient to sustain a significant recovery [10] - The execution of policies to attract foreign investment needs to be more thorough, as market confidence is still lacking, and without fundamental changes in the real estate market, it may struggle to capitalize on the influx of capital [10]

Group 1 - Citi reports that the sovereign rating adjustments in the Eurozone are active, with 11 countries experiencing rating changes since the beginning of the year, surpassing the total number of changes in 2018 [1] - XTB highlights that the UK's net borrowing reached £18 billion in August, the highest for the same period in five years, raising concerns about the long-term sustainability of public finances [1] - Morgan Stanley no longer expects the Bank of England to cut rates further this year, marking a significant change in their previous outlook [3] Group 2 - Goldman Sachs predicts that the Bank of England will not lower interest rates this year, with the next round of easing expected to begin in February 2026 [3] - UBS anticipates multiple rate cuts from the Federal Reserve in the next 12 months, while the European Central Bank is expected to maintain stable rates, leading to a decrease in the dollar's attractiveness [3] - Optiver's COO notes that synchronized rate cuts by central banks have reduced foreign exchange volatility, aligning with the macroeconomic backdrop of converging interest rates [3]

招金矿业9月19日公告，全资附属公司斯派柯国际有限公司（作为投资者）与紫金国际（作为发行 人）、摩根士丹利、中信证券及中信里昂订立基石投资协议。据此，投资者有条件同意按发售价认购投 资者股份，作为国际发售一部分，该等投资者股份投资金额预计为30,000,000美元之等值港元金额（不 包括经纪佣金及征费）。 来源：智通财经 ...

Group 1 - Morgan Stanley and CITIC Securities are acting as joint sponsors for the initial public offering (IPO) of Zijin International Gold Co., Ltd [1]