免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Auto financing companies (AFCs) are ready to compete with commercial banks for the Chinese auto finance market following new regulations that allow domestic and foreign firms to provide auto loans to customers.

Under the rules issued by the China Banking Regulatory Commission (CBRC) early this month, companies with total assets over 4 billion yuan (480 million dollars) and registered capital over 500 million yuan (60 million dollars) are eligible to set up business.

Unlike commercial banks that mainly deal with loans, AFCs set up by large auto groups are capable of offering "one-stop" services, including extending loans or providing guarantees for such loans, purchasing cars and after-sales service like car maintenance.

AFCs can also reduce their loan rates to zero to attract car buyers, though it is still not possible under present tight controls on interest rates.

"Professional auto financing companies will play a major role in China's future auto market," predicted Zhou Liqun, head of a state research team on auto consumption policy.

Foreign auto giants are closely watching the market as the rules, part of China's WTO commitments, have removed their final market barrier.

Germany's Volkswagen and US-based General Motors and Ford have made preparations for car finance businesses in China and begun to apply for operating licenses.

"Foreign AFCs, with a professional service system, will have an obvious impact on the present auto financing market," said Jia Xinguang, chief analyst of the Beijing Auto Industry Development Research Institute.

Although car loans to individuals had increased sharply since 1998, less than 20 percent of car buyers purchase with credit, against 70 percent in developed countries.

Car manufacturers predict that with the move to boost the auto market, car sales will rise by 20 percent while the average price drops by 5 percent. ?MDNMˉ

Close

Today's Top News		Top Business News
+The next great leap after Shenzhou V ( 2003-10-21) +Hu calls for balanced development ( 2003-10-21) +Report: SARS not airborne virus ( 2003-10-21) +Japan urged to resolve weapons issue ( 2003-10-21) +Int'l AIDS group opens Beijing office ( 2003-10-21)		+Home-appliance giants want wheels ( 2003-10-21) +Exchange-rate reform under study ( 2003-10-21) +Health insurance sector called for ( 2003-10-21) +SanDisk teams up to open outlets ( 2003-10-21) +Housing prices start to sag in Shanghai ( 2003-10-21)