Morgan Stanley's proprietary funds have the biggest market share among the five largest broking firms, according to FinancialResearchCorp, a Boston research firm.
"There's been an increase in hot-money inflows, but the PBOC may find it difficult to let the yuan rise too fast or tighten monetary conditions too dramatically because the economic recovery remains slower than expected, " said Zhu Chaoping, head of research at ChinaScope Financial, a research and data firm partly owned by Moody's Corp.