In China, financial institutions seem to be always is consumer goods, money, ready, but not everyone can do. Many of the criticisms of fooling around, many, this is very strange, but it's true.

         "Commercial bank law" and "the banking supervision law" for commercial banks to provide the conditions and procedures. Zhang boss by selling Sundry Goods started, after doing real estate, I wish you a happy voyage., accumulated hundreds of millions of home, know more money can not make money, the bank call village, go to all lengths, then, according to the conditions and procedures, to prepare the golden touch bank. When frustrated, and shouted to make money is not easy.

         Run an auto financing company is the same reason. "Management methods of auto finance company" self2003Years since the implementation, allegedly for many,6Over the years, only10The company is approved, the foreign invested enterprises accounted for6Company, a joint venture3Every year, there are transnational automobile giant figure, only1Home is a domestic funded enterprises. Approval from the vintage look,2004Years of2Home,2005Years of3Home,2006Years of2Home,2007Years of2Home,2008A number of years before,2009Years of1Home. The China Banking Regulatory Commission checks is quite strict, no matter is the old "management methods of auto finance company", or2008New promulgate "management approach", opened the automobile financial company the rigid conditions are not high, can say, a considerable number of enterprises can be achieved. Although the new "management approach" to improve some of the capital requirements, but on the other hand it greatly relaxed the automobile financial company's business scope, in general, the new approach is to encourage open automobile financial company. Apply for the establishment of an auto financing company, in the legal level, is the party according to the relevant provisions of the "administrative licensing law" and other laws, regulations, rules, apply to the administrative license to the cbrc. If in accordance with the law, should not consider other factors, as long as it meets the statutory conditions, it should be timely and approved. Such as one year only batch control one or two such index approach, strictly speaking, it is illegal.

         An auto financing company is really a good stuff. Otherwise, would not have so many rich people interested in it. The automobile financial company is an exotic, consumers' hear the word, is generally thought of mortgage to buy a car. In fact, it is divided into two blocks and the private. In private, or personal loan purchase a car, is one of the main business of automobile financial company, but the risk is very big. According to the China Banking Regulatory Commission provided2008The commercial bank non-performing loans divided industry watch, auto personal loans non-performing loan ratio as high as5%Over the same period, the housing mortgage loans ratio of only0.9%. Look again2007Years, the non-performing loan ratio9.9%For the latter1%. Obviously, the commercial banks for personal loans to buy steam is quite alert. In the absence of perfect social credit system support, the credit mechanism includes an auto financing company, put forward higher requirements.

With the background of foreign capital GMAC-SAIC Automotive Finance Co., Ltd. (GMAC-SAIC) as China's first automotive finance company, consumer loan from application to approval, approval, and then to the process management standards are thinning release and post loan, help to control risk. And these through long-term practice foreign standards is the domestic enterprises do not grasp, the domestic automobile financial industry to become bigger and stronger, and healthy development, cannot do without the advanced management experience. Automobile financial company can't embrace saves to the public, indicating that it is essentially different, and banking institutions can say, it can cause, all over the day, on the domestic financial sector no threat, it is for this reason, the CBRC will dare to have a special liking to have foreign background of automobile financial company love. Existing10Companies, only Chery Huishang bank auto finance company is a domestic enterprise, has good explanation.

    2008New through the "management methods of auto finance company" relaxation of business scope, such as allowed to accept foreign shareholders and their Group wholly-owned subsidiaries in China3Months of RMB deposits, accept the dealers to purchase vehicles margin loans, the issuance of financial bonds in the interbank lending, etc., which expanded the company's sources of fund channel, is conducive to the scale, advantageous enterprises.2008Years ago, according to the old "management approach", the automobile financial company limited financing channels, enterprises will have to share. More steam GM financial limited liability company as an example,2004Year approved the establishment, the registered capital of5Billion yuan,2007Year approved two Kuogu capital, the registered capital of change15Billion yuan. Financial institutions lending business is the traditional profit, only hand pulled more money, income may be more. This is both for public or private services, is the automobile finance company survival and development priority.

For the public, the automobile financial company profit range more widely, however, not known to consumers. The automobile financial company as a non banking financial institution, not only has the traditional profit growth point, also has the innovation point of profit growth. "Tong Yuan2008In the first stage of individual car mortgage loan securitization trust "solves the GMAC-SAIC Automotive Finance Co., Ltd.19Billion funding gap, simply put, is the automobile finance company has issued3Million, the total19Million car mortgage loan, as a "pool", will each pen "mortgage" and "mortgage" and "collateral rights" to trust and entrusted to the Warburg trust limited liability company, the latter to the issuance of securities, buy, and from the investors, fund flows back to the automobile financial company. Because the automobile financial company to charge consumers a higher interest rate than the issuance of securities with interest, therefore, this is a have good prospects of gain business, in essence, is the direct financing of a kind of auto finance company. This is also a pilot asset securitization, the successful pattern to those who are keen to start the automobile financial company contributive person left a vast space for imagination.

To2008At the end of the year, the domestic automobile financial company has overall profitability, they harvest from sowing, just one or two years, such a large project, a profit in a short time, very not easy. Visible, auto finance company is really good stuff, can let people. Do car to find, China without cars, too, this is not surprising, but it's true. But can not succeed, may the CBRC help they consider more.

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