Diamonds are nice, and so are pearls, but nothing compares to good looking girls Your position:Home->china news-> Banks in Shenzhen See Soaring Profits in 2006 Forty-nine banking firms in Shenzhen, in south China's Guangdong Province, saw their total pretax profits surged 76 percent to 15 billion yuan (US$1.92 billion) last year, the China Securities Journal reported on Tuesday. Loans to hi-tech, logistics and cultural sectors soared in 2006, greatly boosting economic development in Shenzhen, said the report. However, an expert with the central bank's Shenzhen sub-branch who declined to give his name, said the medium and long-term loans expand at a fast pace with much on the real estate sector, posing a potential threat. By the end of 2006, the 49 banking firms in Shenzhen had 1.45 trillion yuan in total assets, up 20 percent year on year. Their outstanding saving deposits reached 1.06 trillion yuan and the outstanding loans came to 839.4 billion yuan. (Xinhua News Agency March 6, 2007) Contact Us-------------------------------------ddpcn.com * Required information Full Name: * Your Email: * Message:* Preview:New Chrysler 300C to Hi      Next:Yangtze River Delta Per Widening of RMB Exchange Rate Band Possible This Year Economist Recommends Rate Hike to Prevent Economic Bubbles Record Investment to Expand Power Grids Steel and Iron Investment Drops in 2006 Yangtze River Delta Per Capita Disposable Income Up New Chrysler 300C to Hit Chinese Market Old Industrial Base to Get New Life US, China Try to Resolve Industrial Subsidy Concerns Give Financial Reform a Boost in Rural Areas NPC Reviews Major Property, Corporate Income Tax Legislation