Orix Corp's China HQ to be Dalian

Japanese financial services firm to invest up to $3.2b over 3 years

Japanese financial service group Orix Corporation announced plans yesterday to set up its China headquarters in Dalian, Liaoning province, in a bid to tap into the nation's growing financial markets.

Established with an initial registered capital of $92 million, Orix (China) Investment Co Ltd expects to invest up to $3.2 billion in China over the next three years and eventually transform into a localized financial service group with total assets of $14.7 billion.