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Market Chatter: Morgan Stanley Gives Hong Kong Bankers Special Devices for Mainland China Use

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Morgan Stanley (MS) has provided Hong Kong-based investment banking employees with special iPhones and iPads for use in mainland China amid rising concerns over cross-border data compliance, the Financial Times reported, citing people familiar with the matter.

The devices have limited functionality and can only be used to access work emails and online meeting applications, according to the report Tuesday.

Morgan Stanley did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $196.23, Change: $+6.65, Percent Change: +3.51%

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