MUFG eyes expansion in China, hoping to double revenue onshore
The Tokyo-headquartered global bank is looking to expand its corporate banking and DCM business in China, at a time of heightened geopolitical tensions and economic uncertainty. Two senior execs explained to CT why.
Doing business in China market is currently not easy. The country has been grappling with strict Covid-19 controlling measures which left the country isolated from the rest of world; a poor post-pandemic economic recovery; and rising geopolitical tensions with the west.
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