Morgan Stanley disclosed information that the bank owns 5.2% of the Net Qin shares

On the same day, as of 13:46 Eastern Time (Beijing time 31st 01:46), NetQin's share price rose 2.60 U.S. dollars to $14.45, or 21.94%, on the New York Stock Exchange, hitting a 14.80 dollar high, the highest increase since October 31. In the past 52 weeks, NetQin has the highest price of 25.90 U.S. dollars, the lowest price of 5.77 U.S. dollars.

Morgan Stanley submitted 13G documents to the Securities and Exchange Commission (SEC), saying it held about 7.92 million shares in the market as of December 20, with a stake of 5.2% per cent. Muddy Waters, the shorting agency, released a report on October 24 alleging that it had manipulated a "major scam", pointing out that its share price should be less than $1 trillion, followed by a denial of the alleged muddy Waters, but its share price has been fluctuating. NetQin's share price has fallen nearly 37% since the report date.

In October this year, Morgan Stanley helped the NetQin raise 173 million of billions of dollars by issuing convertible bonds. In muddy water issued a report, the Network Qin has said that its financial information and corporate business are legitimate, and Toro investment and Oberweis Asset management and other investors have increased the Network Qin stock.

Taek-geun Kwon, chief investment officer at Toro Investment, said: "Morgan Stanley is a well-known investment bank, which has reassured investors. This means that the NetQin won a ' vote of confidence ' from a large institution. Taek-geun Kwon also disclosed that he had raised his holdings by nearly 10% per cent since he disclosed his 4.9% net-Qin shares in a regulatory filing on November 8.