Three of the city commercial banks in China that count Australian banks as equity investors reported an improvement in profit in 2010, the second annual survey of banking sector profits in China by KPMG shows.The KPMG report provides a financial profile of 182 banks in China, a data set not readily available elsewhere.ANZ has two equity investments in China, through Shanghai Regional Commercial Bank and Bank of Tianjin. Commonwealth Bank also has two equity investments through Bank of Hangzhou and Qilu Bank.Unfortunately, the KPMG report did have access to financial data from Qilu Bank (which was available last year).Today's table provides a snapshot of of assets, pre-provision profit, return on assets and return on equity for the three banks for which KPMG did collect data, as well as for ANZ's wholly-owned (and very small, at the end of 2010) banking business.Profits for the three city commercial banks for which KPMG had data for the 2009 and 2010 years increased moderately. For SCRB and Bank of Tianjin their ROA last year was close to one per cent, up from around 0.9 per cent in 2009. Bank of Hangzhou reported an ROA of more than one per cent, up from 0.86 per cent, and the greatest increase in profit of the three.Asset growth for the three banks was 18 per cent for SCRB, 30 per cent for Bank of Tianjin and 44 per cent for Bank of Hangzhou.KPMG put industry-wide asset growth in 2010 at 20 per cent, a rate the firm described as "relatively modest ... due to credit tightening measures."The report notes one development in relation to the CBA-linked Bank of Hangzhou, with a stock market listing likely.