Mizuho Financial Group, Inc. Mizuho Financial Group, Inc. is one of the three megabanks in Japan. It was formed through the merger of the Dai-Ichi Kangyou Bank, Ltd., Fuji Bank, Ltd., and the Industrial Bank of Japan, Ltd. It is a Fortune Global 500 company headquartered in Tokyo. The group holding company owns banking, securities, trust, asset management, think tanks and other subsidiaries, and has nearly 110 offices in 35 countries and regions. Mizuho has capital of JPY2.2567 trillion, total assets of JPY278 trillion, a loan balance of JPY92 trillion, and deposits of JPY171 trillion. (As of March 31, 2024). The total Gross profits in FY2023 is about JPY2.67 trillion, and the net income is about JPY678.9 billion. The total number of employees in the group is about 50,000. Mizuho entered the Chinese market in 1981, and in 1997 became one of the first companies in China to be authorized to trade Renminbi. Mizuho Bank (China), Ltd. commenced operations in China in June 2007 as the first Japanese bank to convert a local subsidiary. Mizuho currently has a network of 17 offices throughout China, with 15 Mizuho Bank (China) branches in Shanghai, Beijing, Tianjin, Dalian, Qingdao, Suzhou, Wuxi, Wuhan, Hefei, Guangzhou, Shenzhen, etc., and 2 Mizuho Bank representative offices (in Nanjing and Xiamen).