Morgan Stanley explain why they are Number One in China

FinanceAsia: How will your strategy for China differ this year from past years? Will you continue to focus on the international deals?WU: This year the focus regionally for Morgan Stanley was Mergers & Acquisitions, and that includes China. Last year it was predominantly equity and privatizations from China. Next year we expect that M&A will play an increasing role in China, but at the same time, our equity pipeline will keep us quite busy. We expect to do more business with t…