National Administration of Financial Regulation, Measures for the Administration of Auto Finance Companies

国家金融监督管理总局汽车金融公司管理办法

August 09, 2023 | BY

Susan Mok

The financial requirements for establishing auto finance companies are substantially increased

Promulgated: July 11, 2023

Effective: August 11, 2023

Main contents: The Measures raise the minimum registered capital of auto finance companies to RMB 1 billion; raise the threshold for investors, substantially increasing the requirement in respect of the annual operating revenue of an investor in a non-financial institution from RMB 5 billion to RMB 50 billion or the equivalent in another currency and the major investor in a non-financial institution is required to have a sufficient scale of vehicle production and sale to support the growth of the auto finance business.

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