UPDATE 1-Morgan Stanley nears full ownership of China ventures with stake buys Reuters 1 hr ago Popular Searches HONG KONG, May 28 (Reuters) - Morgan Stanley is buying stakes put up for sale by its partner in their China securities and mutual funds joint ventures for about $150 million, according to a statement by the partner, moving towards full ownership of the businesses. The Wall Street bank joins several other foreign banks that are looking to take full ownership of their Chinese businesses after Beijing scrapped foreign ownership limits in the securities and mutual fund industry on April 1 last year. Outright ownership could allow foreign banks to expand their operations in the multitrillion-dollar Chinese financial sector, and better integrate them with their global businesses.