By Zou Frbiz

The field of automobile financing in China, self-brand enterprises and joint ventures have been the same treatment. Huishang Bank by Chery and Chery business profiled silver brand call car account business, on April 21 transmitted the initiating in Shanghai. Since afterward, Chery has become China's first independently have economic services businesses brand car.

The past, places that simply joint ventures and foreign finance to include in automobile financing business. In June terminal year, Chery is sanctioned economic businesses to build on a pilot basis. After 6 months to prepare, in December 2008 through the commendation of the China Banking Regulatory Commission, sanctioned the possibility in April of this year. Preparation time span, the Chery business and Huishang Bank as wanted to simulate the task, and collected numerous experience.

Silver Emblem Chery Automobile Finance Company listed capital of 5 billion yuan, of which Chery bought into 400 million yuan, accounting for 80% of shares; Huishang Bank portions accounted for 20%. The company's enterprise is split up into 12 large plates, including: the provision of buyer vehicle lend enterprise to supply procurement vehicle trader borrowings and gear borrowings work, encompassing building borrowings and the Exhibition Hall, replacement components and upkeep gear loans; and the provision of vehicle leasing enterprise and so on.

Chery Automobile Emblem Bank to set up economic businesses, in order that enterprises can have more means to support market development, China's economic scheme is an significant breakthrough.

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