China Minsheng Bank plans to buy 9.9 percent stake in UCBH Holdings for $317 million. UCBH, a NASDAQ-listed parent company of United Commercial Bank, is seeking to expand its business in China, and it bought Shanghai’s Business Development Bank Ltd. earlier this year. Further, the deal will help Minsheng Bank realize its international strategy, as it aims to provide financing to U.S. wholesalers.