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Japan Bank for International Cooperation inks MOU with China Development Bank

Japan Bank for International Cooperation and China Development Bank Corp. signed a memorandum of understanding to strengthen the cooperative relationship between the two banks.

The agreement aims to enhance Japanese companies' exports and investments into China and other countries. It also aims to increase business opportunities for Japanese companies operating in China, according to a March 9 release.

Japan Bank for International Cooperation will aid in the business expansion of Japanese companies in China by making use of its financial facilities and schemes for structuring projects, as well as by performing its risk-­assuming function.