Japanese lender plans to open more branches

Japan's Mizuho Corporate Bank (MHCB) has announced its plans to branch out into four new cities on the mainland to further tap the nation's soaring corporate banking market.

The Tokyo-based bank will set up new branches in Qingdao, Guangzhou and Wuhan this year and Suzhou next year, said the head of MHCB's international banking unit, Hidetake Nakanura.

With its headquarters in Shanghai, the Mizuho Corporate Bank (China) Ltd was founded last June. It has five branches, in Beijing, Shenzhen, Dalian, Wuxi, and Tianjin.