Japan's eight auto parts suppliers come to Wuhan to purchase


During the 5th “Expo” session, Mr. Amine Amine, Executive Director of Mitsubishi Bank of Tokyo, Japan, will lead eight auto parts production companies in the Japanese industry who are influential to participate in cross-border procurement activities and participate in the “Electrical and Mechanical Manufacturing The multinational corporations' trade and investment opportunities in China* Top 500 Global Enterprise Forums and the “Auto Parts Trade and Investment Fair” are aimed at promoting the economic and trade cooperation and exchanges between Wuhan and Japan and promoting the construction of Wuhan's manufacturing base.

Tokyo Mitsubishi Bank was established after the merger of Tokyo Bank and Mitsubishi Bank in April 1996. Tokyo Bank is the only foreign exchange bank in Japan. Mitsubishi Bank is a Japanese advanced bank with a strong international business field, a 120-year history, and a stable foundation in Japan.

The bank has more fully recognized that China is an extremely important market and expands its business in China as the most important subject of its operations. The first point of its business strategy is "expansion of business outlets." Now, the bank has five branches in China (Beijing, Tianjin, Dalian, Shanghai, Shenzhen) and three offices (Guangzhou, Wuxi, and Chengdu), and the two offices in Guangzhou and Wuxi are applying for setting up branches, and plans are included in Several new cities including Wuhan have new representative offices. In addition to the aforementioned efforts to enrich the business outlets in China, in areas where the Bank currently does not have outlets, it also uses the cooperation with domestic banks such as China Merchants Bank to provide more convenience to customers. To meet the circumvention requirements of foreign currency, interest rate fluctuation risk and the demand for heightened management of RMB funds, the Bank is the first batch of foreign banks to obtain a license for a financial derivative business, and is committed to strengthening the high level of capital management services and guarantees. Management and development of new products such as entrusted loans within the group.

The bank has been expanding Wuhan as the region with the greatest potential for development and has continuously introduced Japanese companies to invest. In April 2004, during the visit to Japan by Governor Luo Qingquan, the Bank signed a “business cooperation agreement” with Wuhan City to promote more Japanese companies to invest in China. In the future, the cooperation agreement will be used as a platform to strengthen communication and exchanges. To jointly promote the further development of the Wuhan automobile industry. Through the bank’s extensive information source channels, fixed customer networks, rapid information transmission methods, and professional staffing, they jointly promote the entry of supporting manufacturers and attract more Japanese-funded enterprises to build plants in Wuhan, and also support Japan. The company goes to China.



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