Morgan Stanley divests minority share in China International Capital Corporation

Morgan Stanley’s sale of its minority share in China International Capital Corporation (CICC) might have caused ripples in the water. In December, Morgan Stanley China sold its stake in CICC to TPG Capital and KKR Private Equity. Now, a few weeks later, Ding Wei the leader of CICC’s investment department is leaving his post. I’m sure Mr Wei will land on his feet and he has already made it public that he is considering setting up his own private equity firm.