Morgan Stanley Faces IPO Risk in Hong Kong
Update: 2025-11-14
Description
Morgan Stanley faces scrutiny for underwriting Zijin Golds Hong Kong IPO, potentially exposing the bank and its American investors to regulatory, financial, and reputational risks. Zijin Gold is a subsidiary of Zijin Mining Group, a Chinese company on a U.S. government list due to alleged human rights abuses against the Uyghur population. The U.S. House committee warns Morgan Stanley of potential consequences, as the bank may have inadvertently helped Zijin Mining bypass U.S. prohibitions.
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