International Finance Corp (IFC), the World Bank's investment arm, plans to invest in China's securities industry as aggressively as it has in the banking industry, where it has spent almost US$600 million in seven years, XFN Asia reported, citing the South China Morning Post. "We will try to help reform China's securities sector, just like we did with the bankings ector," said Karin Finkleston, Associate Direcor of IFC's East Asia and Pacific Department, to the Hong Kong paper.   However, while Chinese authorities have been receptive to IFC's involvement in banking, the same cannot be said of its efforts to penetrate the securities industry, the newspaper said.  Its application to buy 5% of Changjiang BNP Paribas Peregrine Securities, submitted last year, is still pending with the securities regulator. In 2002, the regulator rejected IFC's offer to spend 12 million US dollars to buy up to 16% of a joint venture between Changjiang Securities and France's BNP Paribas Group, XFN Asia wrote.