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SHANGHAI HAILED FINANCIAL PROSPERITY IN 2000

Publication: AsiaInfo Services
Date: Tuesday, January 1 2002

AsiaInfo Services

01-01-2002

Shanghai Hailed Financial Prosperity in 2000

SHANGHAI, Feb 01, 2002 (AsiaPort via COMTEX) -- Chinese-funded financial institutes in Shanghai, China's industrial and financial center, cheered the industry's boom last year.

The latest statistics show that outstanding deposits held by Chinese-funded institutes hit 777.2 billion yuan (93.6 billion US dollars) and the balance of loans reached 638.6 billion yuan (76.9 billion US dollars), up 10.9 percent and 15.6 percent respectively compared with the year before.

The

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SHANGHAI HAILED FINANCIAL PROSPERITY IN 2000

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