The Dalian Economic and Technological Development Area (DDA) was officially ratified by the State Council in 1984 as China’s first economic and technological development area and boasts more than 2,000 foreign-capitalized companies.
Mizuho made the decision to establish the Dalian DDA sub-branch in order to increase transactions with companies, primarily Japanese corporations, operating in the DDA and to support companies establishing business operations there in the future.
The new sub-branch will be the bank’s seventh office in mainland China, which will provide the group with an enhanced network in the country. By remaining flexible in its establishment of new offices, Mizuho will continue building a network capable of providing optimal support for the development of its customers’ business.
The establishment of the sub-branch is anticipated to complete in 2007.
