Bank of Tokyo-Mitsubishi UFJ (China), Ltd.
MUFG Bank (China), Ltd. is a member of Mitsubishi UFJ Financial Group (MUFG), the largest financial services organization in Japan, and is also a wholly owned subsidiary of MUFG Bank Ltd., Japan's largest multinational commercial bank.
In 2007, to respond to the call for foreign banks’ locally incorporation by authorities, MUFG Bank (China) with headquarter in Shanghai, was established after incorporation of MUFG Bank’s subsidiaries of Mainland China.
The relationship between China and MUFG Bank witnessed the history of friendship between China and Japan as closed neighbors separated only by a strip of water. At the end of 1950s, MUFG Bank signed a Japanese Yen/RMB settlement agreement with Bank of China, representing a start of financial cooperation between the two countries. After the Chinese Economic Reform, MUFG Bank opened representative offices and branches in Beijing, Shanghai, etc. successively to support local economy and the opening up of China’s financial market. MUFG Bank is now in the leading position among not only Japanese banks, but also foreign banks in China.
After the locally incorporation, MUFG Bank (China) has achieved great growth, and presently is in possession of 14 branches (Beijing, Shanghai, Shenzhen, Dalian, Tianjin, Wuxi, Guangzhou, Chengdu, Qingdao, Wuhan, Shenyang, Suzhou, Fuzhou and Hangzhou). It is ranked by its total assets as the largest Japanese bank and one of the top foreign banks in China.
In 2007, to respond to the call for foreign banks’ locally incorporation by authorities, MUFG Bank (China) with headquarter in Shanghai, was established after incorporation of MUFG Bank’s subsidiaries of Mainland China.
The relationship between China and MUFG Bank witnessed the history of friendship between China and Japan as closed neighbors separated only by a strip of water. At the end of 1950s, MUFG Bank signed a Japanese Yen/RMB settlement agreement with Bank of China, representing a start of financial cooperation between the two countries. After the Chinese Economic Reform, MUFG Bank opened representative offices and branches in Beijing, Shanghai, etc. successively to support local economy and the opening up of China’s financial market. MUFG Bank is now in the leading position among not only Japanese banks, but also foreign banks in China.
After the locally incorporation, MUFG Bank (China) has achieved great growth, and presently is in possession of 14 branches (Beijing, Shanghai, Shenzhen, Dalian, Tianjin, Wuxi, Guangzhou, Chengdu, Qingdao, Wuhan, Shenyang, Suzhou, Fuzhou and Hangzhou). It is ranked by its total assets as the largest Japanese bank and one of the top foreign banks in China.