Asian economies, in particular China, is experiencing explosive growth. China needs capital to finance growth, and this presents a huge opportunity for investment banks, which can penetrate the market. Morgan Stanley set up a joint venture with the China Construction Bank and three other partners to form First Investment Bank of China. The case discusses the issues related to the establishment of joint ventures and penetrate emerging markets. "Hide
by Scott P. Mason, Diana Long, Barbara B. Kyrillos Source: Harvard Business School 16 pages. Publication Date: March 17, 1997. Prod. #: 297010-PDF-ENG