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How Tariffs Will Impact China’s Auto Lending

SHANGHAI — China will remain the largest market for vehicle sales, but the impact of U.S. tariffs on China’s economy may accelerate the decline of an already slowing economy while adding an outsized effect on the automotive industry, Steve Cochrane, Chief APAC Economist at Moody’s Analytics, said during a session at the Auto Finance Summit […]

‘Huge’ Potential for China Auto Finance Growth Draws Wide Interest

SHANGHAI ­— Regardless of the global tariff war, Chinese automotive financing executives are looking to work with their counterparts around the world, especially in the United States. That was the undercurrent truth to come out of the inaugural Auto Finance Summit Asia here today. The U.S. executives repeatedly said the same thing: If there are […]

Chinese Mobility Platform DiDi Invests $1B in Financial Services

China’s growing mobility solutions provider DiDi Chuxing announced earlier this month a $1 billion investment in Xiaoju Automotive Solutions, which provides financial loan and lease products for DiDi’s ride-hailing drivers. Xiaoju was incubated by DiDi starting in 2015 and the mobility solutions provider began using it on a trial basis in April to facilitate loans, […]

Chinese Loan Platform Files for $100M U.S. IPO

Weidai Ltd., a title lender that provides small businesses with credit backed by auto loans, has filed for an initial public offering to raise $100 million, according to an SEC filing. Weidai is a peer-to-peer lender with an early-stage personal credit system wherein users can borrow from the platform with their automobiles as collateral. The site also […]

How Lenders Can Translate U.S. Practices to China’s Marketplace

Many lenders look to China and assume that if the country can achieve financing penetration rates north of 75% as the U.S. market enjoys, then it will quickly become the largest market in the world. But that’s not a realistic model for growth in China, Chas Roscow, an auto finance consultant, told Auto Finance News. […]

Auto Finance News Partners with CardLinx Association for Asia Events

Auto Finance News announced today that it has partnered with The CardLinx Association to co-present two groundbreaking events in Shanghai. Auto Finance Summit Asia and The CardLinx Asia Forum will bring together key executives and decision makers from Asia and around the world. Keynote speakers will present insights into auto financing and digital commerce in […]

New China ABS Rules to Spur Lease Issuance Growth

New regulatory supervisory structures in China will reduce the risk of issuing auto-lease backed securities on the secondary market, and Moody’s Investor Services anticipates the change will increase volume. Although in the short-term regulations will be more stringent on certain companies, ultimately in the long term, the changes should increase growth, according to Moody’s.   […]

China Plans to Lift Ownership Restrictions for Carmakers

China announced the phaseout of a two-decades-old policy that requires foreign manufacturers share their factory ownership and profits with Chinese companies, the government announced Tuesday. However, financial arms still remain beholden to the joint venture rules. The National Development and Reform Commission announced that ownership caps will be dropped for companies making fully electric and […]
  • William Hoffman
  • April 17, 2018
  • Asia
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