|
和田翻譯公司關鍵字：4.1 auto finance company's business scope is limited
Car is the automotive financial services to consumers or selling process, financing dealers and other financial services, including inventory financing for dealers and automobile operators and users of consumer credit or finance lease. Way from the financial services, except the provision of credit services also include financial leasing, car savings, car insurance and consumer credit cards. However, according to October 3, 2003 China promulgated the "Measures for the Administration auto finance company", auto finance companies can not engage in car rental business, and this business is just a lot of auto finance companies abroad, an important source of profit. Meanwhile, the "auto finance company management approach" set forth in the auto finance company shall open branches. This also determines the auto finance company can not, as foreign auto finance company in the country to carry out the same business.4.2 car loan interest rate restrictionsCar loan interest rate in accordance with People's Bank of China announced the interest rate provisions of the loan, not as foreign auto finance companies can decide lending rates, and often perform a zero interest rate. People's Bank of China auto finance company for car loan interest rates in the People's Bank of China on the basis of the statutory maximum floating interest rate shall not exceed 30% of the maximum reduction shall not exceed 10%. Interest rate fluctuations could have been the largest market auto finance company a competitive advantage, but this provision makes the auto finance company a competitive advantage greatly reduced.4.3 auto finance company's sources of funding will be restrictedForeign auto finance companies can issue bonds to meet capital needs. However, the domestic auto finance companies to finance only two ways: one is to accept the shareholders within the period of 3 months deposit; the other is loans from financial institutions. Shareholders to accept deposits of money can not fundamentally solve the problem, and loans from financial institutions more difficult. Because the banks themselves are also to carry out car credit business, a car finance company car loan market competitors. If only car loans issued by its own funds to boost car sales, during the difficulties will be enormous.Auto finance companies only through cooperation with domestic
|