A,Present situation of the automobile consumption loans in China

Definition 1.1 automobile consumption loan business

Automobile consumption loans refer to the commercial bank to buy a car to apply for special dealer RMB loans secured personal loans.

Automobile consumption loans that the lender is established according to law within the territory of the people's Republic of China, the China CBRC and its dispatched institutions approved to operate RMB business loans of commercial banks, urban and rural credit cooperatives and to engage in auto loan business of non banking financial institutions.

In 1998 the people's Bank of China formulated the "auto loan management approach", allowing the state-owned commercial banks (the workers and peasants in the establishment of diplomatic relations) since the pilot business of automobile consumption loan, car loan business is the state-owned commercial banks "special" business. The basic mode of operation of the business has been lending by banks, issued by the insurance company insurance performance for automobile consumption loan bank loan repayment guarantee, one-time purchase a car to the insurance company pay the performance premium and loan guarantee period, all the insurance cost of vehicle. To carry out common the banks and insurance companies business of automobile consumption loan business model for many years has been become the main bank management.

1999Years2On the people's Bank of the "guidance" to carry out the individual consumer credit, allow all commercial banks to provide a variety of consumer credit business. All relevant financial institutions to seize the strategic opportunity of business development, to raise awareness of the importance of the work of consumer credit consumer credit business is a new business growth point. It points out that commercial banks into the consumer loans for housing and car consumption loans than1998The input ratio. In order to meet the need of the development of consumer credit, commercial banks for different consumer credit varieties and loans, interest rate, term, in terms of repayment methods, providing more choices to consumers. Interest rates, in the range of regulations of the people's Bank of the relevant interest rate policy, in accordance with the loan variety, style, time, provide a fixed interest rate and floating rate etc. for customers to choose the way. The term of the loan, can be appropriate to increase the level of. Repayment methods, can provide the installment and due to a repayment options. The pace of development of the active financial policy has greatly promoted the domestic automobile consumption credit business.

2004Years6Month1Japan enacted the "automobile industry development policy" clearly put forward to encourage automobile consumption, to cultivate private consumption as the main body of the automobile market, improve vehicle use environment, maintenance of automotive consumer. The positive development of the automobile service trade, promote the automobile consumption. The State supports the development of automobile consumer credit. Financial institutions engaged in the automobile consumption credit business to improve service, improve the way of automobile credit mortgage. In the premise of ensuring credit security, allows consumers to purchase the car as collateral for the automobile consumption loans.

2003Years10Month3Day, the CBRC announced and implemented"The automobile financeAgency management approach "to the automobile credit market in our country to the orderly development has played a positive role in promoting. With the continuous improvement of the corresponding policy, automobile manufacturers, banks, financial institutions, car dealers and consumers will appear in the automobile credit market, the formation of the tacit cooperation service chain, realize their own values and interests of their.

2004Years 10Month1To implement the "auto loan management approach", more to adapt to the new situation and development of automobile market, emphasize the loan risks and management matching principle, can not only help to promote the car loan business expansion and development, but also conducive to the effective prevention of car loans. In the lender, the borrower, the key problem loans Shoufu proportion of car and life, and1998Years of"Auto loan management approach"There are great changes. Can run the car loan business institutions have also expanded to all commercial banks, urban and rural credit cooperatives and to engage in auto loan business of non banking financial institutions (mainly refers to the automobile financial company).

"Auto loan management approach" to the individual borrower qualification subdivision, stressed that have legal stable source of income or personal assets sufficient to repay the loan principal and interest, with valid proof of identity and address is fixed and detailed. Among them, the individual borrower first clear except Chinese citizens outside, also included in the Chinese territory inhabited continuously for more than one year (including one year) residents of Hong Kong and Macao, and Taiwan and foreigners.

The development of China's automobile consumption loans 1.2
Our countrySince the start of the vehicle consumption loan growth at a surprising speed. In the1998 start the car

Consumer loan volume nearly400000000 yuan, automobile consumption loan business of commercial banks in 2001 is about 70000000000 yuan, in 2002 the business loans in total close to 100 billion, 95300000000 yuan; by the end of 2003, the commercial bank's auto loan balance of 140000000000 yuan breakthrough. 2004 June car consumption loans for 183300000000 yuan, accounting for all financial institutions loan balance of 10.2%.

The rapid development of automobile consumption credit business, to promote the development of China's automobile industry, active and expanding automobile consumption, play an important role in improving the structure of assets and liabilities of financial institutions.

Since theSince 2002, various commercial bank auto credit business is a hot. Group purchase type of China Merchants Bank Nanjing branch launched"Easy loan"PatternLoan increment of automobile financial service for the private financial service increment3 times, the profit is 2 times the cost of the. In 2002 November, Shanghai Pudong Development Bank branch in Nanjing began to set up a professional automotive financial services center, implementation of direct type automobile consumption loans, only two months time, the balance of loans personal car had exceeded 100000000 yuan. In 2003, Bank of communications, the total car consumption loans than in 2002 increased two fold.

1999To2003Five years, China auto credit market annual growth rate respectively55.56%,77.72%,53.67%,62.26%And41.02%, annual average growth rate58.05%However, from the2004Automobile loans began to decline. From the people's Bank of China data indicate,2004Years9At the end of the car total commercial bank loans fell to1600Billion, a net decrease233Billion.