Zhong Zheng Wang·2026-01-07 07:17Core Viewpoint - Morgan Stanley (China) Limited has been granted the qualification of general lead underwriter for non-financial corporate debt financing instruments by the China Interbank Market Dealers Association, marking a significant milestone in its bond business in China [1][2] Group 1: Company Developments - The approval of the general lead underwriter qualification will enhance Morgan Stanley's ability to serve both domestic and international issuers and investors, leveraging its global resources and local expertise [1] - Since entering the Chinese interbank bond market in 2004, Morgan Stanley has progressively expanded its qualifications, including becoming a market maker in 2008 and obtaining settlement agency qualifications in 2017 [1] - The company aims to contribute to the internationalization and inclusiveness of China's capital market, enhancing its pricing influence and resource allocation efficiency within the global financial system [1] Group 2: Market Position - From 2021 to 2025, Morgan Stanley is expected to maintain a leading position in the global bond underwriting market with an international bond underwriting scale of nearly $1.7 trillion and a market share of nearly 6% [1] - The company has completed over 9,000 issuance transactions for global issuers and holds over 7% market share in the international sovereign and quasi-sovereign bond underwriting sector [1] - The recognition of Morgan Stanley's capabilities by regulatory authorities reflects its commitment and professional service in the Chinese market [2]