China Banking Regulatory Commission, Measures for the Administration of Auto Finance Companies

中国银行业监督管理委员会汽车金融公司管理办法

April 02, 2008 | BY

clpstaff &clp articles

The business scope of auto finance companies expanded.

Promulgated: January 24 2008
Effective: as of date of promulgation

Main Contents: The revised Measures allow auto finance companies to engage in six more types of businesses:

(1) accepting deposits from dealers for loans for the procurement of motor vehicles and deposits from lessees for motor vehicle leases;

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