TSMC’s (2330) Kumamoto plant is about to open on February 24, and Hopoku Bank was approved to apply to open a Tokyo branch today (6), becoming the ninth national bank to successfully enter Japan. In addition, the Fukuoka branch of Yushan Bank was established in September last year. Before the end of last year, China CITIC Bank, Taishin Bank, and Bank of Taiwan had all expanded their bases. Tong Zhengzhang, deputy director of the Banking Bureau, confirmed on the 6th that China National Bank’s departure to Japan was related to TSMC, ” “Following Taiwanese customers is our basic direction.”
Further reading:The least in history!The Financial Supervisory Commission only allows China National Bank to open one new branch this year
TSMC’s Kumamoto factory opened on 2/24 with 5 National Bank “card slots”! Heku Bank Tokyo Branch was approved today.File photo: Central News Agency
TSMC is actively expanding its global manufacturing base. In addition to the Kumamoto factory in Japan, which took one year and eight months to open on February 24, TSMC plans to build a second factory in the near future and advance to advanced processes. Foreign media reported that TSMC founder Zhang Zhongmou will witness a historic moment. Japanese Prime Minister Fumio Kishida, Chairman Liu Deyin and President Wei Zhejia will all be on the stage. It is a major event in both Taiwan and Japan’s financial and political circles.
Sensing business opportunities, 5 National Banks successively obtained “card slots”
The National Bank of China has sensed business opportunities, and since last year, five banks have accelerated their “card slot” operations in Japan. Including the Fukuoka branch of Tamayama Bank officially opened in early September last year, becoming the first national bank to plant its flag in Kyushu, Japan; China CITIC Bank Tokyo Star Branch will set up an office in Kumamoto and is expected to open on December 18; and Taishin The bank also proposed the application for the establishment of a Fukuoka branch office (branch), which was approved by the Japan Financial Services Agency on November 27 and is expected to open in the first half of 2024. The Bank of Taiwan also obtained approval from the Financial Supervisory Commission in December and will apply to the Japanese regulatory authorities to establish a representative office in Fukuoka. Tong Zhengzhang said that the Bank of Taiwan has reported to the Japan Financial Services Agency and will apply again in the future. As far as we know, no application has been submitted yet.
Cooperative Bank Commercial Bank was also approved to apply to establish a Tokyo branch in Japan today (February 6), becoming the ninth National Bank of China. The other eight banks are Bank of Taiwan, First Commercial Bank, Changhua Commercial Bank, Mega International Commercial Bank, Taiwan Small and Medium Enterprises Bank, Yushan Commercial Bank, Taishin International Commercial Bank and China Trust Commercial Bank. There are a total of 10 banks in Japan. Most of the branches are located in Tokyo. Only Mega Bank has branches in Osaka and Tamayama Bank has Fukuoka, which are not in Tokyo.
Officials from the Banking Bureau confirmed that China National Bank’s visits to Japan are related to TSMC’s factory setting up
I was asked whether the recent applications for expansion of bases in Japan by China National Bank are related to TSMC’s establishment of factories in Japan? Tong Zhengzhang, deputy director of the Banking Bureau, confirmed that “it is the basic trend for financial institutions to follow Taiwanese customers.” He said that the National Bank of China’s establishment of international financial centers overseas is mainly to consider some joint loan projects and investment projects, and the National Bank of China The main thing is to follow the customers, which is one of the considerations.
In addition, the Cooperative Bank Commercial Bank considers that Japan is a major global economy with close bilateral trade exchanges with China, and in response to the trend of regionalization of global supply chains, it plans to establish a Tokyo branch in Japan to extend the bank’s financial service reach to Northeast Asia and gradually build a The bank has a complete overseas service network.
He also said that the National Bank of China has the longest history of setting up branches in Japan, Mega Bank, which established its Tokyo branch in the 37th year of the Republic of China, and its Osaka branch in the 39th year of the Republic of China. Chang Bank, First Bank of China, Bank of Taiwan and CITIC Bank all In the 1980s, CITIC Bank’s subsidiaries “Tokyo Star”, Taishin Bank, Yushan Bank, and Small and Medium Enterprises Bank all went to Japan between 103 and 106 years of the Republic of China. Last year, Yushan Bank’s Fukuoka Branch and today’s Heku Bank applied to open Tokyo branches. This is a relatively new development move of China National Bank in Japan.
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Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media. From the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care about you.
2024-02-06 09:34:10
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