Mizuho Corporate Bank, Ltd. (President & CEO: Hiroshi Saito) today, June 29, 2006, opened and commenced operations at its Wuxi Branch, which has been established to strengthen and expand Mizuho Corporate Bank's office network in the People's Republic of China.
In addition to the advantage of its proximity to Shanghai, the city of Wuxi boasts a superb investment environment, which provides favorable conditions, enabling more than 1,000 Japanese corporations, mainly in the electronic and electric industries, to expand their businesses in the area. In recent years, small and medium sized enterprises, in addition to large scale enterprises, have accelerated their business expansion in the area, and accordingly, Mizuho Corporate Bank decided to establish a branch in Wuxi to support and provide banking services to the rapidly increasing number of Japanese corporations starting or expanding operations in Jiangsu Province. Previously, there were no branches of foreign banks (including Japanese banks) in Wuxi, making Mizuho Corporate Bank the first foreign bank to establish a branch there.
With the addition of the Wuxi Branch, Mizuho Corporate Bank creates the most extensive network in China (not including Taiwan and Hong Kong) among Japanese banks, now consisting of five branches and five representative offices. This will enable Mizuho to provide unsurpassed support and services to our customers wishing to engage in business in the region, as well as to provide a comprehensive range of business solutions.
Outline of the the Wuxi Branch
|Name||Mizuho Corporate Bank, Ltd., Wuxi Branch|
|Address||8th Floor, Wuxi Software Park, No.16 Changjiang Road, WND,Wuxi, Jiangsu Province 214028, The People's Republic of China|
Outline of Wuxi (reference)
|Population (2004)||4.5 million|
|Location||Southern Jiangsu Province, approx. 130 km west of Shanghai.|
|Business Environment||Along with Suzhou, Wuxi is a leading major industrial city of Jiangsu Province. In recent years, the concentration of electronics and information related industries in Wuxi has intensified, making it a popular location for foreign (primarily Japanese) companies.|