Research On Vehicle Financial Development In China

In recent years, China’s automobile industry has developed rapidly, has become the first big country of automobile production and sales. But compared with the rapid and stable development of China’s automobile industry, the development of China’s automobile financial service industry is relatively lagging behind. Finance is the core of modern economy, in the development of the automobile industry will play a positive role in promoting. From the successful foreign experience in the development of auto industry, the automobile finance service plays an important role in the development of automobile industry. At present, the automobile finance has become the real estate finance after the second largest consumer finance. Auto finance industry in China compared with developed countries is still in its infancy, there are still many problems to be solved, at the same time that the service demand of auto finance in China has great potential.Automobile finance is an emerging industry in China, to explore the development of auto finance industry in China, the automobile finance can promote the development of automobile industry, has become the consensus of scholars at home and abroad, an important force in the automobile finance is to promote the development of national economy. The development of auto finance is an important part of the whole automobile industry development. The development of China’s automobile industry development and finance is not adaptable to the automobile consumption credit, foreign car sales accounted for the proportion of about 70%, while the proportion of domestic automobile consumption credit in recent years has been 10%-20%. This huge gap compared with the developed countries, but China has also started to develop automobile finance, in this case, the automobile finance as the research object, tries to analyze the successful experience of development of foreign auto finance, auto finance industry in China to explore how the healthy and rapid development. And puts forward relevant policy suggestions.The first part of this paper the research significance of automotive finance as well as the research status at home and abroad was introduced, to illustrate the research status of the object of this study. The second part is related to an overview of auto finance, auto finance is defined firstly, in terms of definition mainly introduces the definition of the Fed on the definition, the people’s Bank on the automobile finance China auto finance as well as the understanding of the automobile finance. Re introduced the subject of auto finance, the main function of the automobile finance is introduced from the macro level and micro level. The third part of this paper is the key part of the article, the development present situation and problems of the automobile finance at present of our country facing the main focus on the analysis of the automobile finance at home and abroad. Finally, according to the correlation analysis and combined with the situation of our country mainly from the improvement of auto finance related legal system, encourage the automotive financial institutions financial innovation, broaden the financing channels, improve the automobile finance credit system of our country, strengthen multilateral institutions and proposes constructive policy recommendations.