日本瑞穗银行提供大额存单业务 - 2016年06月16日

MIZUHO Bank, Japan's third-largest bank by assets, has obtained the regulatory approval to issue the certificates of deposit (CD) in the pilot Shanghai free trade zone yesterday.

Japan's Nikkei newspaper said the bank plans to issue the first batch of CD between 100 million yuan (US$15.3 million) and 200 million yuan after getting the nod from the China Banking Regulatory Commission.

Mizuho signed a loan agreement with Shanghai-based Baosteel Group on February 4. It is assumed the certificates will be used to raise funds for lending Baosteel.