摘 要: | “Administrative Methods on Auto Credit”entitled finance companies to do automobilebusiness.ButhowcantheyoperateincompliancewiththeregulationsfromtheChinaBankRegulatoryCommittee (CBRC) despite the monopoly status of state-ownedbankshasbeendiscontinued? The auto credit business had grown at a rate of 200 percent ever since 1998 when itwas first launched. By the end of June 2004, the total auto credit balance with financialorganizations was US$ 22.08 billion, accounting for 10.2 percen…
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