[Morgan Stanley Surpasses Goldman Sachs to Rank Among Top Three Equity Underwriters in Asia (Excluding Japan)] BlockBeats News, August 3: Morgan Stanley has replaced Goldman Sachs to become one of the top three equity underwriters in Asia (excluding Japan) last month. Year-to-date, the total issuance volume in this market has increased by 55% compared to the same period last year. According to compiled data, companies raised $162 billion through equity issuance in July, compared to $104.8 billion during the same period last year. Morgan Stanley's market share rose to 6.07%, surpassing Goldman Sachs' 5.62%. China International Capital Corporation (CICC) maintained its leading position with a 13.1% market share. Changxin Memory completed a $9.84 billion fundraising in July, marking the largest equity issuance project of the month.