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Finance

Japan's MUFG Bank obtains bond settlement agent license in China

Move is part of increasing presence of Japanese banks on the Chinese mainland

Japan's MUFG Bank has received a license from the People's Bank of China to act as a bond settlement agent in the country's interbank bond market.

TOKYO -- Japan's MUFG Bank has received a license from the People's Bank of China to act as a settlement agent in the country's interbank bond market, Nikkei has learned.

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