MHCB was created in April 2002 by the merger of the
Dai-Ichi Kangyo Bank and
Fuji Bank's corporate and investment banking division with the
Industrial Bank of Japan. Backed by Mizuho Financial Group's
credit ratings and financial solidity, MHCB was positioned as a major player in financial markets and among Japan's leading corporate and investment banks by
market share. The brokerage arm
Mizuho Securities was also a
primary dealer in the
U.S. Treasury securities market. MHCB opened a branch in
Wuxi,
China in 2006 in a bid to support transactions with Japanese companies operating in the city. The bank also had a branch in the
Philippines, partnering with the Bank of the Philippine Islands. In 2013, it merged with the former Mizuho Bank, with the unified institution being "Mizuho Bank". ==Shareholders==