2024 Auto Finance Industry Summit Opens

The 2024 Auto Finance Industry Summit opened in TEDA Yuxiang area on November 21. The theme is promoting competition in an orderly manner to achieve leapfrog development in the auto finance sector. Over 500 guests from governments, associations, enterprises, and research institutions gathered at the summit. They discussed and shared opinions around hot topics including auto finance development, automotive circulation, vehicle consumption policies, and capital market expectations. In addition, the 2024 Auto Finance Service Satisfaction Ranking was released at the summit to support the healthy growth of China’s auto finance industry.

Jointly organized by China Automobile Dealers Association and TEDA Administrative Commission, the China Auto Finance Industry Summit serves as a high-level platform for dialogues in the auto finance sector and is recognized as a barometer for the industry. TEDA, one of the organizers, has leveraged its industrial strengths and financial innovation advantages as a free trade pilot zone to create an automotive service ecosystem focusing on auto finance. Multiple business models fostered by the ecosystem such as “Auto & New Finance”, “Auto & Trade”, and “Auto & Capital” have matured. Moreover, government guidance funds from Tianjin Municipal People’s Government, People’s Government of Binhai New Area, and TEDA Administrative Commission have injected fresh capital into quality enterprises at various stages of development. Thus enterprises are benefited to adopt new technologies, develop new growth drivers, and delve into new orientations.