The opening up of China’s securities sector has lured a slew of foreign investment giants to its economy. Credit: Li Yang on Unsplash.

American private equity major Warburg Pincus is reportedly seeking to set up a securities joint venture in China.

The firm has applied for a brokerage joint venture with the China Securities Regulatory Commission (CSRC) last week, Reuters reported.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The details regarding an intended Chinese partner or shareholder structure of the venture are not known. Warburg Pincus declined to comment on the report.

The opening up of the securities sector by China has lured a slew of foreign investment giants including UBS, Morgan Stanley, and Goldman Sachs to the country.

These companies are eying to bulk up their holdings in Chinese ventures towards full control.

Last October, British bank Standard Chartered submitted an application for a brokerage licence with the CSRC.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In September last year, it was reported that JPMorgan is looking to increase its holding in its Chinese securities joint venture to 71%.

The same month, the CSRC granted approval for Singapore-based DBS Group to set up a joint venture securities company.

In February this year, British fund manager Schroders reportedly secured the clearance to launch a majority-owned wealth management JV with a unit of Chinese lender Bank of Communications (BOCOM).

Warburg Pincus is an investor in China’s Ant Group, which is led by Alibaba founder Jack Ma.

Other moves by Warburg Pincus

Last month, Warburg Pincus acquired a minority stake in the investment management firm Edelman Financial Engines.

Last May, the American private equity firm raised its holding in Singaporean real estate fund manager ARA Asset Management to 48.7%.

In 2019, Warburg agreed to acquire a majority stake in Texas-based broker-dealer Kestra Financial from Stone Point Capital.