Mizuho Corporate Bank, Ltd. and Mizuho Corporate Bank (China), Ltd. concluded a business collaboration agreement with the Dalian Changxing Island Harbor Industrial Zone, Liaoning Province, China, on the occasion of the visit of a group of representatives of Liaoning Province to Japan. This marks the first business collaboration agreement that the Dalian Changxing Island Harbor Industrial Zone has entered into with a Japanese financial institution.
The agreement will promote mutual collaboration and cooperation for the development of the Dalian Changxing Island Harbor Industrial Zone through Mizuho's provision of steadfast financial services support to Japanese companies that are establishing business operations there. Aside from contributing to the economic development of the Industrial Zone, Mizuho also hopes to further develop its relationship with Liaoning Province and Dalian City.
The development of Changxing Island is a joint project between the governments of China and Singapore. Applications have been filed to promote the status the Dalian Changxing Island Harbor Industrial Zone to that of a national development project.
Possessing a coastline well-suited for a harbor, the Dalian Changxing Island Harbor Industrial Zone is focusing efforts on development of shipbuilding and petrochemical industries. Strong progress is also being made on other fronts, including freeways, railroads, electric power transformers, and waste management, which is producing high expectations for further future development in the region.
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