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Aozora Bank forms business alliance with China Renaissance

Japan's Aozora Bank Ltd. has entered into a business alliance with China Renaissance Holdings Ltd. to provide M&A consultancy to Japanese companies seeking to enter the Chinese market, The Nikkei reported Dec. 11.

Through the partnership, Aozora Bank plans to offer Japanese companies the same kind of support in China as it currently does in Southeast Asia.

The two financial institutions have been building ties for the past three years, with Aozora Bank injecting funds into an investment fund launched by China Renaissance.