The FINANCIAL — Mizuho Corporate Bank (China), Ltd., a wholly-owned subsidiary of Mizuho Corporate Bank, Ltd. (MHCB: President & CEO, Yasuhiro Sato), on November 1 established and commenced operations at its new branch in the city of Suzhou, Jiangsu Province, China.
Jiangsu Province, along with neighboring Shanghai and Zhejiang Province, make up the Yangtze River Delta Economic Zone, the largest economic zone in China, and Suzhou – located in the heart of the industrial area that runs from Shanghai to Wuxi (Jiangsu Province) and Nanjing – is one of the leading industrial centers in China. A large number of companies from Japan and other countries have established operations in areas such as the Suzhou Industrial Park, the Suzhou New District, and the Kunshan Economic & Technology Development Zone, and many foreign-capitalized firms have developed new business operations there in a variety of industries, including home electronics, machinery, automobiles, chemistry, paper, and more recently, green technologies, real estate and distribution, making Suzhou a dynamic metropolis with strong potential for future growth and development.
With the establishment of the Suzhou Branch, Mizuho Corporate Bank (China), Ltd. now has eleven business promotion offices in mainland China (Hong Kong and Taiwan not included). Including MHCB’s two representative offices (Nanjing and Xiamen), the MHCB group has the largest office network in China of any Japanese financial institution. Utilizing Mizuho’s expanding network in China, the Suzhou Branch will provide a wide array of financial services to customers from a nearby, convenient location, further enhancing MHCB’s capabilities to support the business development of Mizuho customers.
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