Bank of Tokyo-Mitsubishi UFJ (China) Co., Ltd. was founded in 1919, the largest branch of Mitsubishi UFJ Financial Group outside Japan, a foreign bank with a good reputation, and entered China in 1958
Bank of Tokyo-Mitsubishi UFJ (China), Ltd. (abbreviation: BTMU China, abbreviation: Mitsubishi UFJ China) is a wholly foreign-funded bank established by Bank of Tokyo-Mitsubishi UFJ in China in July 2007, headquartered on the 22nd floor of Huiya Building, No. 1233 Lujiazui Ring Road, Pudong New Area, Shanghai. RMB and foreign exchange business, import and export and trade finance derivatives business, credit investigation and consulting business approved by the China Banking Regulatory Commission. As of May 2012, the bank has 1 headquarters, 10 branches, 2 sub-branches and 1 representative office in Chinese mainland, making it the largest branch of Mitsubishi UFJ Financial Group outside Japan.
In 1958, the Bank of Tokyo, one of the predecessors of the Bank of Tokyo-Mitsubishi UFJ, signed a correspondent banking agreement between China and Japan, which was the first Sino-Japanese foreign exchange cooperation agreement. In February 1980, the former Bank of Tokyo opened a representative office in Beijing, becoming the first foreign commercial bank to open a representative office in Beijing. In 1982 and 1984, the bank opened a representative office in Shanghai (the first Japanese-funded commercial bank), a representative office in Guangzhou, and a representative office in Dalian (the first foreign-funded commercial bank). In 1986, the former Bank of Tokyo opened a branch in Shenzhen, becoming the first Japanese bank to open a branch in Shenzhen. Since then, the bank has successively opened a number of representative offices in China, and some representative offices have been upgraded to branches.
In March 2006, the former Bank of Tokyo-Mitsubishi merged with the former UFJ Bank to form the Bank of Tokyo-Mitsubishi UFJ, and in the same year, the bank invested US$180 million to buy shares of the Hong Kong-listed Bank of China, becoming the first Japanese commercial bank to take a stake in a Chinese-funded commercial bank.
In July 2007, Bank of Tokyo-Mitsubishi UFJ (China) Co., Ltd. was established in Shanghai, and the branches of Bank of Tokyo-Mitsubishi UFJ in Chinese mainland were transferred to the company. On November 14, 2008, Standard & Poor's Rating Services announced that it has assigned "A" and "A-1" long-term and short-term counterparty credit ratings to Bank of Tokyo-Mitsubishi UFJ (China) Co., Ltd. with a stable outlook. In December 2009, Bank of Tokyo-Mitsubishi UFJ (China) Co., Ltd. obtained a license to issue RMB-denominated bonds in the interbank bond market, becoming the first foreign commercial bank to be approved to issue RMB bonds in China.
