2023 Auto Finance Industry Summit Concludes in TEDA

Recently, the 2023 China Auto Finance Industry Summit was held in TEDA. With the theme of “New Competition, New Breakthrough,” the summit focused on hot topics in the industry, including auto finance, digitalization of auto finance, the new energy vehicle market,  and innovation and development in the used car market. The event brought together over 600 industry leaders, experts, and corporate executives to provide insights and recommendations for breaking new ground in auto finance under the new pattern. During the summit, the organizers released the “2023 China Auto Finance Service Satisfaction Rankings” and the “2023 China Auto Finance Industry Development Report.” They also officially launched the Auto Finance Industry Self-discipline Initiative to support the healthy growth of the industry.

Auto finance serves as a powerful engine driving car consumption. TEDA has been continuously strengthening efforts in the “Auto + Finance” sector. This has led to the formation of various financial clusters, including the OEM finance represented by Great Wall BinYin Automotive Finance, CINDA FAW Factoring, and SAIC Anji Factoring. Additionally, there is automotive logistics finance represented by Lionbridge Financial Leasing and Transfar Leasing, automotive dealer finance represented by Chenghuitong Factoring and Haorun Leasing, and third-party service institutions represented by Guazi Leasing and Dasouche Leasing. This comprehensive approach has achieved fully licensed operation of both traditional and innovative finance in the automotive industry.