The area of automobile financing in China, self-brand enterprises and junction projects have been the identical treatment. Huishang Bank by Chery and Chery junction project formed shiny emblem vehicle investment business, on April 21 broadcast the setting up in Shanghai. Since then, Chery has become China’s first individually belongs to economic services businesses emblem car.

The past, countries that only joint ventures and foreign capital to engage in automobile financing business. In June last year, Chery is allowed financial companies to build on a pilot basis. After 6 months to prepare, in December 2008 through the acceptance of the China Banking Regulatory Commission, approved the opening in April of this year. Preparation period, the Chery company and Huishang Bank as required to simulate the operation, and accumulated some experience.

Silver Emblem Chery Automobile Finance Company registered capital of 5 billion yuan, of which Chery invested 400 million yuan, accounting for 80% of shares; Huishang Bank shares accounted for 20%. The company’s business is divided into 12 large plates, including: the provision of consumer car loan business to provide procurement vehicle dealer loans and equipment loans work, including construction loans and the Exhibition Hall, spare parts and maintenance equipment loans; and the provision of car leasing business and so on.

Chery Automobile Emblem Bank to set up economic businesses, in order that enterprises can have more means to support market development, China’s economic scheme is an significant breakthrough.