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apple developer account:Warburg Pincus applies to set up China brokerage venture


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SHANGHAI, April 2 - U.S. private equity giantWarburg Pincus has applied to set up a securities jointventure in China, regulatory filings showed on Friday.

Warburg Pincus submitted an application for a brokeragejoint venture on Friday, the China Securities RegulatoryCommission (CSRC) said on its website.

No information was given on an intended Chinese partner orshareholder structure and Warburg Pincus declined to comment.

China fully opened its securities sector a year ago andglobal investment banks including UBS , Morgan Stanleyand Goldman Sachs have all moved to increase theirstakes in Chinese ventures towards full control.

Warburg Pincus, the president of which is former U.S.treasury secretary Timothy Geithner, has been actively investingin China's financial, retail, pharmaceutical and techindustries. REUTERS



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