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【Financial Str. Release】NAFR releases administrative rules on auto finance companies, effective from Aug. 11
The National Administration of Financial Regulation (NAFR) released recently administrative rules on auto finance companies, effective from August 11, to strengthen sector regulation, reported Xinhua Finance on July 14.
July17,2023
15 auto finance companies issue RMB150 bln worth of ABS, up 49 pct on yr, report
China Banking Association said Monday that a total of 15 automobile finance companies issued 32 asset-backed securities (ABS) with a cumulative scale of more than 150 billion yuan in 2019, up 49 percent year on year.
September08,2020
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