In the News: US Scrutiny of Morgan Stanley HK IPO; First Foreign AI Approvals in China; and Indonesia Panda Bonds

U.S. House panel intensifies scrutiny of Morgan Stanley over IPO linked to Uyghur forced-labor entity. | Three foreign carmakers obtain approval to deploy AI chatbots in cars in China. | Indonesia considers issuing renminbi-denominated bonds amid China’s push against dollarization.

By CLP staff

Three Inquiries in Six Months Signal Growing Pressure on Wall Street’s China Exposure

Morgan Stanley is facing heightened pressure from Washington after the House Select Committee on China questioned its role in underwriting Zijin Gold International’s Hong Kong IPO — the latest in a string of congressional actions targeting U.S.

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