Eleven departments encourage financial services including automobile consumer credit

Eleven departments including the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the China Banking and Insurance Regulatory Commission issued the Notice on Measures to Stabilize and Expand Automobile Consumption, encouraging financial institutions to actively develop financial services such as automobile consumer credit.

Eleven departments including the National Development and Reform Commission, the Ministry of Industry and Information Technology, and the China Banking and Insurance Regulatory Commission issued the Notice on Measures to Stabilize and Expand Automobile Consumption, encouraging financial institutions to actively develop financial services such as automobile consumer credit.

By appropriately reducing the down payment ratio and loan interest rate, and extending the repayment period, etc., it aims to increase its support for personal consumer credit for automobiles, and continue to release the potential of automobile consumption.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/30/eleven-departments-encourage-financial-services-including-automobile-consumer-credit/.

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