Morgan Stanley Questioned by US House Panel Over Zijin Gold IPO in Hong Kong

By Karen Freifeld and Kanishka Singh NEW YORK (Reuters) -Morgan Stanley’s underwriting of Zijin Gold International’s Hong Kong IPO placed it and its U.S. investors at risk of regulatory, financial and reputational harm, a U.S. House of Representatives committee told the bank on Thursday. Zijin Gold is a subsidiary of Zijin Mining Group, a global mining company based in China that is on a U.S. government list of companies whose imports are banned over alleged human rights abuses involving Uyghurs. In September, Morgan Stanley assisted with Zijin Gold’s IPO to help its parent company raise funds by selling its non-Chinese…