As part of the agreement between Morgan Stanley and China Construction Bank CCB to jointly handle the resolution of an RMB4.3 billion $520 million portfolio of non-performing assets originated by the former, the US investment bank will train CCB on how securitization may be used in the disposal of distressed assets.
In response to a question on whether that might mean the two sides actually doing a deal at some point, an official at Morgan Stanley told FinanceAsia that it is too early to say. It may be a relevant future step but there is nothing at the table right now, he says. At the moment it is more a case...
