Shanghai Party Secretary Li Qiang met Timothy F. Geithner, president of Warburg Pincus, an American private equity firm, in Shanghai on Friday. With the deepening of the construction of an international financial center in Shanghai, the city will provide new development opportunities for international financial and investment organizations of all kinds, Li said. The city hopes private equity firms like Warburg Pincus can play a bigger role in asset management with their advantages and professionalism to assist in the high quality development of the economy, he added. “We will spare no effort to build a world-class business environment and support enterprises from home and abroad to realize better development in Shanghai,” Li pledged.