Beijing Branch Commences RMB Business

October 16, 2006

Mizuho Corporate Bank, Ltd. (MHCB: President & CEO, Hiroshi Saito) has commenced handling of renminbi (RMB) at its Beijing Branch.

The Beijing Branch has been providing mainly foreign-currency-denominated financial services, such as lending and deposit-taking, to Japanese and foreign-capitalized firms. However, with the commencement of RMB handling, the Beijing Branch can now provide financial services denominated in RMB to Japanese and foreign-capitalized firms, as well as to Chinese companies.

MHCB remains committed to further enhancing its products and services to fully support the growth and development of its customers' business.

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