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Real Estate Shores up Broking Businesses
More than 21 percent of the brokerage businesses in Shenyang, capital of northeast China's Liaoning Province, are involved in real estate, the largest brokerage sector in the traditional Chinese industrial base.

More than 5,300 broking firms had been registered locally by the end of last year, with employees reaching 15,000.

Of the total, 1,124 firms with 2,810 brokers offer real estate information, followed by 1,011 companies providing technology training courses and 588 engaged in transport broking.

In addition, brokerage services in consulting, accounting, auditing and assessment have seen rapid development in Shenyang.

But those in the investment and entertainment areas lag far behind and there are only 24 brokerages in the investment businesses, 125 in stocks and a handful in futures exchange.

The city has 43 broking firms in cultural development, 20 in tourism and only three in sports, but there is huge potential to the rapidly growing expenditure in the areas.

(Xinhua News Agency March 25, 2003)

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