Asia Bizz: Mitsubishi UFJ Financial Group of Japan is now looking to enter China’s shores, by acquiring a particular bank in the red dragon nation. MUFG is eying to impress most of the wealthy citizens in China and other parts of Asia, and this will help them to expand its overseas assets. The acquisition of a Chinese bank is the most important step towards their goal.
The Bank feels that the number of rich or influential people for the bank will not grow sharply, but it will take sometime.The main motive of the bank is to gain strongly in the race against the banks from the West. There are also special types of financial services that MUFG wants to provide to the wealthy people in Asia.
Today, MUFG is one of the largest banks in Japan, and the third largest bank in the world. They will go ahead in the acquisition if the Chinese regulators ease their grip in the country.
Via : JapanToday