Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Loans for auto buyers up nearly 50% in Shanghai
+ -
08:34, June 15, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 China's auto import volume down 30% in first 5 months
 China auto sales increase in first five months
 China releases details of auto, home appliance replacements program
 Comment  Tell A Friend
 Print Format  Save Article
Shanghai, an economic powerhouse in eastern China, saw loans for auto buyers grow fastest in credit extension for individuals amid robust sales of motor vehicles in the first five months of this year, the municipal banking regulatory commission said on Saturday.

At the end of May, loans outstanding for auto buyers stood at approximately 17 billion yuan (2.49 billion U.S. dollars) in the city, a growth of 55 percent against the end of May 2008.

China has since 2004, when it approved its first financing firm for motor vehicles, launched 10 such companies, including four in Shanghai.

The four, claiming a two-third share of the municipal auto financing market, recorded 10.6 billion yuan in loans outstanding for auto buyers at the end of May, up 35.29 percent.

The local banking regulatory commission said at the end of May, non-performing loan ratio for auto credits stood at no higher than 1.2 percent, below the average NPL ratio in the city.

According to China Association of Automobile Manufacturers, China sold 4.96 million home-made motor vehicles in the first five months, up 14.29 percent year-on-year.

The total included 3.66 million passenger vehicles, up 21.2 percent.

The passenger vehicles included 2.603 million cars, up 16.54 percent.

Source:Xinhua



  Your Message:   Most Commented:
Controversy over China's first sex-theme park
China slams U.S. foreign affairs bill proposal, urges deletion
Congress wins election in India
China slams Clinton's June 4 comments
13 more bodies from Air France flight 447 recovered

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90857/6678117.pdf