Pang Qinghua chairman and experts, scholars talk about "Jidong mode"

    Host: "Jidong mode" has gone through ten years, out of Tangshan, the prairie fire. Ten years is a milestone, it is a beginning. In the forum process, the total Pang has been watching, listening, together in sharing. From Tangshan to Tangshan Hotel Beijing in Hebei Subaru, there will certainly be image flashed scenes of your mind, recall many of the past, will also have a lot of things to say to people. What are you most want to say?

　　Pang QinghuaBe full of excitement.: now I, very excited. First of all thank the distinguished guests, leaders, and the banking sector, the media, the manufacturers of friends. The banking sector in addition to Chinese bank many banks have come, there are a lot of experts and the leadership of the association. At the same time, I also thank our local government leadership cultivation of my years, make me what I am today. Thank governor Guo Hongqi, mayor Zhu Yunlin. At the same time, I will say the truth, I want to thank my colleagues. "Jidong mode" from birth to now, every process, cannot do without the support of my colleagues, I thank them. I think this celebration, review and prospect are two key. Look, see a lot of leaders are very excited, they bear silently in the ten years, silently withstands the pressure, the consumer credit business support to today, so I moved.

Ten years of life, there are several ten years? So it is very valuable. They say no more, I feel is not the Everything is going smoothly.. From 1999, ten years ago today began signing up, a lot of inside story. Some doubt, some irony, some sarcasm, some suppression. Foreign media said in 2004, the bank will not do Chinese automobile consumer credit. When 180000000000, 110000000000 is bad, is dead. In this dark clouds form, we want to cry. We find China Auto Industry Association, Chinese Automotive News, jointly organized the "Jidong mode" to the world forum, shouted the automobile consumption credit preventable and controllable, do this theme, and makes the automobile consumption credit farther and wider roads. To celebrate, China banks and large group of bank enterprise cooperation, and become a model for ten years, did not stop one day, in the China unique.

I had many leaders are very excited, especially the history of three director, he's not in this job, but I thank him very much.

The background at that time was in 1998, two measures is the main mortgage and car consumption loans. We have the pleasure to be industrial and Commercial Bank of Beijing into "the automobile consumption credit resource base". I was happy to be. We use our own money, 95 began, of course, very small, is one year, and the first payment is also very high, 50%. Stop doing, because we have no money. After a period of time, I asked, only do a few cars, but also is a bank. At that time I was very puzzled. Why such a good thing not to do? We analysis that the bank is afraid of risks. Later, the board of directors held a meeting, if banks use the money, we continue to assume our responsibility and obligation, put it together, the cake will be bigger. All done, we were playing a and Chinese banks to develop the consumer credit report, cooperation has four business, taking into account the automobile consumption loans is difficult, I put it in the end, gave President Yang Hongguang. When he say, I'll cooperation fourth!

I remember very clearly, after Yang governor decided wildly beating gongs and drums, we held a press conference. After the head office of the leading car army meeting and I said, if Tangshan branch cooperate, Chinese Bank branch in Hebei province immediately launched.

　　Host: why the consumer credit business in fourth then? In your mind, it is not the most important?

　　Pang Qinghua: I think because it is a high difficulty movement, varieties with great risk, so put it in the end. Did not think of red, the first is the value. Thank you, thank you for the red governor.

　　HostIn fact, the project is: you want most?

　　Pang Qinghua: yes. It can have a significant effect, can bring much profit to us. "Jidong mode for future development", we are very confident. First, the automobile consumption credit is preventable, controllable, we deposited a lot of experience. Another high-tech development, is more and more progress. Now we have GPS and mobile phone, very small. The original antenna, is now the built-in antenna. The original external power, now we can do without power supply. Now we all cars take the test drive, in the customer test, the salesman hand take a self power wireless, GPS, make provision against a rainy day. You can use satellite positioning system find the car, require all companies to do so.

Second, from the commercial point of view, it is the Europe II standard, now all commercial vehicle is Europe Ⅲ standard. The Europe III standard is EFI, we can do it and buy, buy water, the card can also, not the card line. Can say you can't run. As long as the Chinese domain, GPS can effectively play its efficacy.

Third, is the GPS cost is reduced greatly, have the value of promotion. When GPS started I remember one is 2200 dollars, but also map the entire device, when an input 70000000. Now down to 300000 yuan, between a GPS400 - 600 dollars, the cost is reduced by 3 - 4 times. So I decided: China future automobile consumption credit cannot do without GPS escort.

Host: one of the questions I want to ask you, just after the financial crisis hit last year, all of the various financial services there are doubts. Especially after the emergence of a GM bankruptcy case, many commentators said GM's bankruptcy, largely it over reliance on the automobile finance, after financial business had the large scale landslide, the company's production and sales will not be able to survive, in the development process of Jidong mode, how to guard against the risk may exist?

　　Pang Qinghua:I am very much in favor of Mr. Zhou said a word, the ever present risk, carefully make the boat million years. This is the core of our thinking center. No matter in front of flowers and applause, no matter how you write beautiful articles, finally you have to guarantee that your business will always guard against the risk of the end. This is a major problem I think.

In May 7th this year, the bank's head office, Bank of China Insurance, we have three signed a strategic cooperation agreement. Out of Hebei Province, to carry out automobile consumption credit in the country 8 provinces and autonomous regions, give us a wider world. In this vast world outside my front, in addition to surprise, most of the consideration is the dedication. My men and I are such counsel, you planted nails, don't share pie. To push forward, and not to occupy the site, built in the province, city, everywhere, in the county, the no.. Be sure to earth to do. To have a car market, tangible market. A brand authorization, must have the repair function. And then to the bank and Jidong mode slowly take over, make it become a real contribution.

　　Host: just a lot of guests are referred to a large group to set up their own financial company, hope it in the field of automobile dealers, large group can take a head, as soon as possible to establish their own auto finance company, this may not be a and bank cooperation as a simple, or the prospects for a field of more. Your ideas to share with us?

Pang Qinghua: auto finance company is a good thing, may earn more. The original two points, this time a man. But in fact I think not so. The only win-win, multi win, is the final win. This is my first point. Second, although the ten years bank we also questioned, I also do a guarantee. For I am behind spur, make us more efforts, continue to find where it risks, including the GPS and not from 1999 on, I foresee the risk, not so. GPS is actually from the beginning of 2003 upset, because I also encountered risk, encountered a bottleneck. So the big money I spend big effort, solved the problem.

I will forever continue cooperation and the Bank of china!

                         Share the joy and glory　

            -- experts and scholars to imagine a better future "Jidong mode"

Industrial policy development and the prospects of cooperation between banks and China

Deputy director of the center for the Ministry of Commerce to promote circulation industry Xu Min

　　Very pleased to participate in the large group of this event today, Pang is my old friend, I also admire entrepreneurs. I was in the State Economic and Trade Commission began to contact the automobile consumption credit, just the material said very clearly. Why in this ten years only large group outshines others, this is a very thought-provoking questions.

The bank enterprise cooperation is easy to say, but very difficult to do, especially to our circulation industry. To tell you the truth, I engaged in the circulation work for so many years, banks and our circulation enterprises can work together, talk together, this is a very rare opportunity. I admire the huge group is able to put it into.

Bank enterprise cooperation in the development of the whole industry, is an important part of the. But the general circulation enterprises or the vast majority of enterprises do not have such an opportunity. Large group ten years ago to seize this opportunity, and Chinese bank together to create this miracle, I admire.

From another point of view, circulation enterprises especially the automobile circulation enterprises, the general situation is very difficult and bank established the cooperation relationship between bank and enterprise. In a work state commerce department I this several years, just to put the State Development Bank money into circulation enterprises, but very very difficult. So from this point also should thank Chinese bank, to just over ten years ago and a large group of established such cooperation, which is very rare.

For bank enterprise cooperation for our entire circulation industry development, is still a very difficult engineering. So I hope the circulation enterprises can be like a large group of learning, other banks like Bank of Chinese learning. To create such a miracle in other circulation field. This is my experience very deep. 　　

Promote the automobile consumption credit of automobile circulation is reflected in what areas

Executive vice president and Secretary General of China Automobile Circulation Association Shen Jinjun

First of all, I say congratulations once again. Congratulations on China banks and large group in the automobile consumption credit in ten years of successful cooperation. You may also not too clear, vice president Pang Zong is Chinese automobile circulation association. Of course, one large group is the automobile industry. In the published two days before the China enterprise 500 strong, large group on the list, but also the intermediate vehicle circulation industry only a.

(host: that is to say a huge group is an automobile circulation enterprises. The largest)

Is this.

(host: now the scale is 28000000000 per year)

Yes. A huge group of up to today's brilliant, which is a very important factor is consumer credit, that is, and China bank cooperation. Through cooperation, developing consumption credit, so that a large group of sales and service capabilities have been greatly improved. The moderator asked me, consumer credit on the automobile industry to promote what is reflected in. I think that the development of China auto market to replace him with two wheels. One is the automobile finance, in other words, the problems discussed today -- consumer credit, there is a second-hand car. Here I mainly said that the automobile consumption credit. Automobile consumption credit just two experts are mentioned, Chinese automobile consumer credit accounted for about 10% of the car sales, while in the international arena is almost not less than 50%. So there is a huge space. This huge space how to do? Personally I think, our automobile industry in the future if you want the ability to expand sales, increase service capacity, a large group of bank enterprise cooperation experience is very valuable. Automobile consumption credit for Chinese auto market rapid development also plays a very important role. If the automobile consumption credit to do a simple analogy, I feel it in the circulation enterprises of the body, may become a wing, which can fly. The automobile market will soar up, consumers will benefit, manufacturing enterprises can also benefit.

　　What is the role of auto consumption credit in the growth process of automobile industry in Chinese

China Automobile Industry Association Deputy Secretary long Gu Xianghua

Today, I would also like you, very excited. A few years ago we and Chinese industrial newspaper organized "Jidong mode" forum, see today ten years Jidong model yielded fruitful results.

(host: the host "Jidong mode" forum Is it right? The auto consumption credit in development dilemma? Big)

Yes. It is in this case. But, I feel "Jidong mode" is very special, have confidence in it is very. We specially made a survey. So from the bottom of my heart I wish a large group of such achievements.

(host: in 2004 to engage in "Jidong mode" forum, have not thought through the line and later it can achieve today's success?)

At that time, confident, feel that they can successfully. But could have made such great achievements, still not fully estimate. Just said to the other consumer credit is a revelation, worthy of promotion.

(host: 2004 large group sales is?)

(the total Pang: more than 100 hundred million.)

Five years more than doubled. Large group have today's achievement, just Shen secretary general also spoke, large group entered the Chinese enterprise 500 strong, but domestic car sales industry big boss, also benefited from the "Jidong mode". If he has no car consumption credit support for business, may not so big. So is the bank for their good, they thanked the bankers, I think it is a win-win thing. Not only is the win-win, mentioned five aspects, is a "five win".

In the present Chinese such consumer credit and auto market situation, the large group of experience, worthy of research and extension. As the auto industry, that Xu Changming had put in place very, I think the development of automobile, automobile consumption credit is the basic support. The base has ten years, fifteen years of development opportunities, although we are not sure that China is already the world's largest car market, but from the first half of this year, China indeed every month is the first in the world. But not very stable. Over the past America auto market sales of a general in 15000000 to 17000000 vehicles, China could reach 12000000 units this year. From the beginning of 2001, we break at a rate of 1000000 per year increase in the last year, 9370000 vehicles, 3000000 vehicles this year to over the range, so that the automobile industry ushered in a new period of development. This year we summed up the look, after the last August to February of this year a temporary downturn, revitalization planning and the national good macroeconomic situation in the country, the rise of automobile industry quickly. From the beginning of March this year, month and above 1000000, has now entered the month million vehicles period. Automobile industry development situation that, is the basis for supporting the development of automobile consumer credit. Without the development of automobile industry, consumer credit can not develop, it is a basic judgment.

Second, consumer credit has great potential, just a lot of experts are analyzed, China automobile consumption credit ratio is about 10%, the international level is at least 50% or more, like Russia, India in 60% - 70%, we only have about 10%, we have a lot of not conforming to the place, where it our development is a potential lies. So I think there is still a lot of potential.

Third, the environment is changing, environment in 2004 and now environment cannot be compared. Climate change is a from the national level, there was no several auto financial company, since 2004 has established the automobile financial company, 9 initially approved auto financing companies are Multi-National Corporation, is not a independent automobile financial company. Chery and the industrial and Commercial Bank of China this year (Huishang bank) set up a home, this is the first independent automobile financial company. The state is encouraging the development of automobile financial company in the revitalization of planning inside, but also to the development of our independent brand automobile financial company. Just under the State Council director want large group has its own financial company.

(host: I would like to ask, now the automobile financial company, whether international or domestic, US, is by automobile manufacturers and banks, or set up their own auto finance company. But the huge group is a car dealer, whether to allow dealers to set up such an auto financing company policy? There is no policy bottom line?)

Now about the automobile financial company, from the revitalization plan, the State encourages the establishment of an auto financing company.

(host: including the dealer can?)

In the past, is that some risk, and therefore the more stringent control. Why are the Multi-National Corporation approved overseas? Because they are financially possible risk smaller. The country now feel this piece should support. The automobile financial company's policy, the revitalization of the planning requires supporting policies, not yet published, but the country in this regard is supported.

(host: should not put the car dealers are excluded.)

I think we should specify what people can do, what people can not do. As long as the reach a certain standard, you can. I think the policy should be to strive in this direction. Should be fair. This is the first environmental changes, is the country, the government from the policy support for the establishment of an auto financing company.

Second is the enterprise itself. The enterprise is the manufacturers and distribution companies, and banks, I have defined it as enterprise. They are now creating different, new model, in the mind. Of course, the large group is a very typical case, just tell you can not be copied. I participated in the FAW Volkswagen bank combined with this model, they also discussed how to reduce intermediate links, how to let the enterprise and bank direct joint. Let the credit consumers get more benefits. Recently, many companies are considering the establishment of such companies. Large group also should consider how to set up their own auto finance company. Anyway, I think, they are positive initiative, or in the risk prevention measures, now and ever so different. In 2004, I remember and Liu Shuwei discussed the bank information system, there was a lot of information is missing. But now the information is already very perfect, the guard risk ability also is in ceaseless and perfect, already has a more scientific, more information, more good means from each aspect to do this -- the automobile consumption credit.

The third aspect is the consumer. Consumers are very different in concept and the concept of the times. Chinese once loved money. Now we survey, more than 70% car is at least the first consumer, but is used cash consumption. Now with the 80, 90 grow up slowly, their consumption concept is not the same. In addition with the consumer credit is more and more perfect, now consider the use of consumer credit purchase a car people more and more, their car loans growing confidence. So no matter from the national level, from the enterprise level and the level of consumer confidence, the increase in capacity, also in ascension.

So I think the consumer credit is certainly support the development of automobile industry Chinese after more good strength, I think the large group will achieve better results.

　　The original Chinese bank Hebei branch retail business director Shi Huasan

(due to the existence of "Jidong mode", let Hebei branch in the whole Chinese banking system to produce a very beautiful transcripts, you at this time how to evaluate "Jidong mode"?)

"Jidong mode", the bank has done a lot of work, but the driving force should be large group, is the total pang. "Create Jidong mode", should look far ahead from a high plane, very strategic vision. This model as a starting point, the bank and the enterprise cooperation closely linked together, and achieved the mutual benefit, win-win situation.

From the banks, and a large group of cooperation is the Tangshan branch is the initiator of evil, governor Yang Hongguang. Tangshan branch launched first, and then the experience introduction to the province, the province and the large group signed the agreement, it is extended to the whole province, is such a process.

　　President China bank Tangshan branch Zhou Yanjun

(being the seventh cooperation and the large group of Tangshan branch, is not only a good shade tree back, still need to let the tree grow sturdily pressure may be much more. "Jidong mode and development of" future relies heavily on you to continue to promote, what is your plan?)

I think first of all is this, to participate in this event today very happy. It was ten years ago today, with support from the province under governor Yang Hongguang, led us to a hotel in Tangshan, officially signed a strategic cooperation agreement Chinese banks and large group to develop the consumer credit business. In these ten years, looking back on a look, I feel very happy. Tangshan branch should be the birthplace of automobile consumption credit, or say that we are the head office, the province strategy practice. In the course of ten years, it should be said that the main of my time, are standing on the executive level to do it, so there are many frustrations and thinking, but after the ten years back to look at, the heart is full of joy and happy. The joy I want two case. First, the large group is now Chinese enterprise 500 strong the 238th, will go on.

(host: everybody clap.)

Another case is that after ten years of development, our Tangshan branch office has officially been listed as a national 40 key city line. Just you leading expert says, this cooperation is a win-win situation. From these two aspects is more prominent.

(host: our Tangshan branch applause.)

Today to participate in this activity, in happy joy, at the same time as the host said, pressure is very great. Future US and a large group of cooperation, how to do? I'm thinking about this question, also to repeatedly think this thing. There is a time and the total Pang chat up, a large group of future development goals, positioning more, so I think from the bank's point of view, should be how to service, it is a big problem we want. From the consumer loan business, the Tangshan branch, we used the whole dropped nearly 10 billion, accounted for 1/3 of the province should be in the past, the proportion of larger. At present we are related to the branches, usually large group to do business, we do all the institutions. It should be said that under the flow pattern such as consumer lending model, we and large group of cooperation has already been mature. Therefore I think of a word, this ten years of the development process, should be smooth and setback coexistence process. Here I don't want to win time, more frustration time. In the process of this frustration, I think every defeat is a turning point, it is this process that "Ji Dong model" has been gradually mature and perfect. At present, in this model, considering the current market environment, we control the risk, of course this is our shared control risk, and gradually improve. I was about five years ago and the head office to report, I believed that this process has no risk, but in fact with the development, the risk is always there, this model we also need to gradually upgrade, and gradually improve, gradually improve. From the Tangshan branch of the angle, still want to do this source, birthplace, do a good job in this aspect, the head office of the province practitioner service work.

And I also think, our service with the development strategy of big group determined to adjust. Because now the large group has formed a car dealership based integrated large enterprise groups. As banks, our service scope in many ways to. In order to achieve a win-win situation, needs through the common development strategy of our enterprise's strategy and the bank to complete the win-win, win-win.

                       Witness to history

                       Witness -- "Jidong mode"

  HostAt that time: "Jidong mode" consumer credit is starting from the beginning of Tangshan, four of all was the participant and witness. Now four veterans have left the original work. Please four Mister introduce their China bank is responsible for the work of "Jidong mode" at the beginning.

　　Yang HongguangThen governor: Tangshan branch, the automobile consumption credit is the main sponsor. At that time China banks are eager to expand financial business and personal credit, personal consumer credit business in addition to mortgage second big business is a car loan.

　　Yang Shihua2004: Hebei province branch. Then "Jidong mode" has been formed, the model had a very critical "kan", because the other bank and social problems in the automobile consumption credit, especially a false case in the car dealer financing, fatal automobile consumption credit risk increases, the society and even banks put forward some doubts on "Jidong mode".

　　HostThe four is: "Jidong mode" at different stages of the development of the torch, "Jidong mode" continue to carry forward the torch. As the "founder of Jidong mode" and witness, please share "Jidong mode through" ten road with you together. The following, please Mr. Yang Hongguang about ten years ago. Why choose and Pang Zong to start the automobile finance mode?

　　Yang Hongguang: before 1999, China's auto market is in its infancy, some at the time of the Tangshan market car dealers are not to scale. When was the last selected and then Jidong material group cooperation, because we after careful consideration, after careful research, investigation, we think the Jidong material group (the predecessor of the large group of now) business development of relatively stable, have this aspect the sales experience, from a large number of dealers, we finally decided to cooperate selection and Jidong group. Business first of all to good character, to be honest, this is very important. Through the course of ten years, after the experience of time, from small to large, from weak to strong Jidong already, developed into a large group, practice has proved that our choice is correct.

Now, I am president in Heilongjiang province branch. Each time I think of this experience, see "Jidong mode" success, I will feel delighted and relieved, I am filled with desire to Jidong pattern in the future.

　　Host: two Tangshan branch of the successor, a special thanks to the former was a wise choice, leave without giving them a bad debt. I think the personal credit system present situation is not perfect, in such a historical background, such large-scale consumer credit cooperation and a car dealer, I would like to ask President Li Jiangang for you at the time of "Jidong mode" will not be worried?

　　Li Jiangang: bank itself is the operating risk of the enterprise. This fear should be said to exist forever, but we to large group of "Jidong mode" of the future is full of confidence. Because "Jidong mode" has the following characteristics: one is highly personalized, two is not to be copied, three is to realize a win-win situation. May relieve the worry and that after ten years of bank enterprise cooperation, practice has proved that "Jidong mode" is a success. I think as long as we bank business cooperation in the future to continue to improve, continue to a new, from excellent to present excellence, believe "Jidong mode" can carry forward.

　　Host: every step forward facing difficulties are larger. In ten years of development history, 2004 is "Jidong mode" one of the biggest "kan", please Yang Hongguang president to introduce what was the "kan"?

　　Yang Hongguang: any thing development and development can not be Everything is going smoothly., especially in the process of exploring, of such a new mode of propulsion, is even more so. On "Jidong mode" should also have a progressive understanding of the process. At that time, China's credit system is also gradually perfect, so the different levels, different views, different stages and on how to improve and scientifically deepen "Jidong mode" are not the same. Ten years of "Jidong mode" has been a few Chinese bank leadership support, has been China bank guidance, when the then Hebei branch secretary of the Party committee and governor Yang Shihua to promote and improve the "Jidong mode" to make a decisive contribution. I think, any one thing perfect process, is full of continuous improvement, constantly evolving, constantly perfect and continuous improvement, the formation of social comparison of identity rules can eventually be.

　　HostThe president: Yang Hongguang was just planted a seed, the seed need to have very good soil, the parties also need to watering, fertilization and care, and then grow into towering trees. Yang president took over the Hebei branch, it is "Jidong mode during the period of" the most difficult, please introduce that how you analysis, judgment, and how to help "Jidong mode" through the "kan"?

　　Yang Shihua: society has a gradual awareness of the process of consumption credit model. But at that time there have been some problems, so the "Jidong mode" is to give full affirmation or doubt, then there is a question mark. I went to the Hebei branch, my assistant red governor in charge of this work, the demand of the head office of retail loans should strive to achieve leapfrog development. But the automobile consumption credit is one of the largest retail loans, encountered such a situation and problems, how to do? I went to study in Hebei. His first stop is Tangshan, the first customer is Jidong, I specifically for automobile consumption credit from the bank's procedures to check, I remember on the counter and employee stroke access to loan files, the total Pang just behind me (when we haven't been introduced know, I thought that he was a staff member.) I said on the spot after reading, Jidong such lenders mode can be fully affirmed. But why do you say that? Because at that time, many car dealers are disguised with consumer identity card to do credit, some even with fake ID to wholesale loans to banks, it will cause the nominal and the actual borrower repayment does not match, lethal and many car dealers to loan the money. I found "Jidong mode" attached great importance to this link, they will be the lender and the actual car hook, and insurance companies will be pulled in, trustworthy is "Jidong mode" has a very good collection of loans, it should be the banks do, but Ji Donghe bankers created to risk protection mode of payment of the borrower, and Jidong has a GPS satellite positioning system is very good for. To guard against the risk you should use the means of science and technology. From this perspective, "Jidong mode" process is complete, complete formalities, treatment measures are quite capable of abuse. If the year in which a person is not a paragraph, it can be the car back, with their own deposit repayment of bank loans, and then to deal with old cars, we can see that the two step is the bank clearing account, clear abuse of assets back to deal, Jidong also help banks do. So from the loan, insurance, collect, clean up bad debts four step process, the management of complete formalities complete, I think this model is feasible. I suggest that bank risk and gold Department investigation, I invited the two department manager to Tangshan with other customer survey in Tangshan "Jidong mode" and other branches of the pattern is different, eliminate all doubts, firmly support the development of determination of jidong.

　　Host2004: the baptism is good or bad to "Jidong mode"?

　　Yang Shihua: of course is good. After 2004, Jidong and constantly improve the cooperation with the bank, make "Jidong mode" more in line with the borrower, Jidong, insurance, banking and the upstream manufacturers of automobile interests, realizing multi win win situation, therefore "Jidong mode" is worthy of popularization in china. I think "Jidong mode" has its own unique aspect can not be copied, but as long as the national automobile dealers use their brains, think of a way to make the fundamental measures, in order to make the model in the comprehensive promotion. "Jidong mode" is indeed open China people automobile consumption credit precedent, it not only successful, but its achievement is the largest. Now, I estimate the home country has 80% cars in the 80% half, there should be through bank loans, so the promotion of "Jidong mode" has the profound significance, I hope the automobile circulation association do more work in this area, because this is a very good thing for the entire bank, the financial sector and the vast number of consumers.

I also want to add, you just said China bank automobile consumption credit balance of about 34000000000, the total amount of actually China bank consumer credit so far more than two hundred billion, the balance is 46000000000.

　　Host: Thank Yang, Yang general applause to. At this critical moment in 2004 to support "Jidong mode" vigorously, after two 2004 value, then make people more aware of the "Jidong mode" advantage, two is to allow "Jidong mode" itself more perfect. Moderator: Excuse me, Lee governor after 2004, this threshold Is it right? "Jidong mode" Everything is going smoothly.?

　　Li Ruiqiang: "Jidong mode" is a kind of credit mode of scientific and effective, condensed the painstaking effort of its various aspects of people in the development process, has also made a positive contribution to the development of China banks and large group. I want to take this opportunity on behalf of the provincial Bank of large group Chinese bank sincere cooperation, thanks for your support, but also to those "Jidong mode" development effort into the old leadership, people from all walks of life to pay tribute. Coincidentally, I in 2005 to now twice in gold business, period and a large group of cooperation are very smooth period, I am very lucky. I believe firmly that "Jidong mode" can develop better, make more contributions to the bank enterprise cooperation, win-win.

　　HostI just said: "plant trees for the benefit of posterity". In this increasingly competitive era, no one who is able to enjoy. So this sentence should be changed into "predecessors trees descendants, afforestation". President Li Jiangang, was sitting in the front of the Tangshan branch of the incumbent president Zhou Yanjun, you as a sixth bar, seventh bar torch, how will "Jidong mode" to carry forward, although the Jidong model can not be copied, but we still hope it can from a tree copy into a forest.

　　Li Jiangang: as long as the car dealer as large group, fundamentally truly to guard against credit risk, this model still can copy. Many car dealers in our country are short life, mainly because of myopia, does not solve the credit risk control problem fundamentally.

　　Host: four the common experience of "Jidong mode" of ten years of development, if the last four to "Jidong mode" a blessing for you, four want to use what kind of way to express?

　　Yang Shihua: I hope "Jidong mode" as a brand and hope to carry forward, a large group of future in respect of automobile consumption credit can have their own financial company.

　　Yang Hongguang"Jidong mode:" after ten years of development and validation, as a future growth patterns can and should be replicated, it extended to national retailers to promotion, let the people get benefits.

　　Li Ruiqiang: in Jidong cooperation, my body is the deepest one is sincere, two is persistent, sincerely hope that China banks and large group of "Jidong mode" not to move or retreat, sincere, dedicated to the cooperation.

　Li JiangangHope: "Jidong mode" from now to the future success of excellence.