At present, China's auto finance industry is undergoing rapid development, thanks to the continuous growth and optimization of China's auto industry and financial industry. The auto finance industry, as a sub-industry of the above two, even faces good opportunities, but the current development is still at the initial stage and has not yet matured. Compared with Western developed countries, China ’s development in this industry There is still a long way to go, and there is a lack of experience. This article mainly analyzes the operation status of the industry, predicts its expected development potential on the basis of the current scale of operation, and proposes a series of risks and problems that will appear in the expected development process. Design matching solutions.
I. Introduction
Auto finance refers to any financial-related business needs that arise in various links such as automobile production and sales. The industry began to be produced in foreign countries at the earliest, and it covers a wide range of functions. It is mainly divided into three types according to the main body. The first is for manufacturers, such as the sales system generated by automobile maintenance, and the integration of sales strategies. And regularly provide certain market information, etc .; followed by the business of dealers, including financing the funds needed for car survival, business operations, and equipment purchase; and finally, the business launched by consumers, including the purchase of cars Credit services, car rental, repair insurance, etc. Looking at China's auto finance industry, its scope of functions covered is relatively small, mainly including credit, leasing and insurance three types of business.
Second, the current operation of the auto finance industry
In the development of the auto finance industry, there are the following four risks and problems:
1. Lack of complete credit information system
Due to the lack of a complete credit information system in the current society, the development of auto finance has been inhibited, which is highlighted at the level of consumers ’car purchase credit. With the imperfect credit evaluation system, incalculable bad debts have appeared in the credit field, most of which come State-owned banks, such a status quo, give commercial banks more strict consideration of individual credit ratings while providing individual credit, thereby promoting the development of the auto finance industry.
2. Lack of diversified business operations
According to the requirements of the "Administrative Measures for Auto Finance Companies", the types of projects that auto finance companies can operate mainly include eight fields. Based on the above, the current main business of the industry is reflected in the automobile consumer credit link, but it is too simplistic. It also led to certain potential risks in the industry. But the reason why the auto finance industry still has a certain expected development potential is because consumers themselves also have certain financial services, including car replacement and rental. At present, the business scope supported by the industry is still lacking in diversification, which mainly comes from the constraints of capital, manpower and related policies, which leads to the rapid satisfaction of market demand, which ultimately limits the business development and rapid realization of economic benefits of auto finance companies. .
3. The sales network coverage is not wide
The "Administrative Measures for Auto Finance Companies" also states that auto finance companies are under the control of the CBRC. Therefore, if they want to carry out branch businesses, they must be confirmed and approved. This undoubtedly leads to increased cost consumption for the company and its business The expanded quality control puts forward higher requirements, including more complete network and functional design. In addition, without the approval of the China Banking Regulatory Commission, the company's own development and sales profits are greatly restricted, resulting in the inability of its financial products to quickly open the market, and ultimately the development of the entire auto finance industry.
4. Lack of comprehensive talents
At the same time, the relevant management measures also proposed that the CBRC also has a regulatory role in the conduct of internal executives of auto finance companies. The CBRC has formulated relevant guidelines to restrict, but lacks the control of the behavior of the grassroots personnel. According to the current industry development status analysis, the The industry is extremely lacking in comprehensive talents. Most of its employees come from bank financial institutions or the automobile industry, and its comprehensive capabilities are lacking. These few factors have inhibited the development of the industry.
3. Expected development strategy of China's auto finance industry
Based on the above analysis, we can see that China's auto finance industry still has a certain potential in the expected development stage. Only by addressing the above-mentioned related problems in a targeted manner can we promote the rapid development of the industry.
1. Improve credit reporting system
The lack of a complete credit reporting system in society has prevented the rapid development of the auto finance industry. Therefore, promoting the establishment of a complete credit reporting system is the top priority of the current industry construction, and aims to shape an honest trading environment. The credit information system includes individual complete credit consultation and strict evaluation system. This makes it easier for relevant companies to use the credit reporting system to complete consumer credit assessments, thereby mitigating the risks of corporate credit.
2. Reduce policy constraints
At present, China's auto finance industry is beginning to continue to open up. In conjunction with the continuous development of the market, the China Banking Regulatory Commission has also relatively relaxed its restraint on the industry, and appropriately modified and promulgated relevant policies to support the promotion of industry development, including the financing channels for auto finance companies. Diversified construction, appropriate reduction of auto credit interest rates, and gradual relaxation of business management can greatly promote the professional standardization of the auto finance industry. Once the restriction policy is cancelled, it can accelerate the business breakthrough of auto finance companies, promote the diversification of their products and service innovation, and make the industry move forward quickly.
3. Deepen the construction of network platforms
At present, with the introduction of the information age, the Internet has entered people's daily life, and the general trend is to require auto finance companies to use information technology to accelerate the industry's e-commerce, accelerate the online transformation of products and services, and realize the business of the Internet platform. Development and confirmation to eliminate geographical constraints and broaden sales channels.
4. Cultivate auto finance talents
The primary problem aimed at alleviating the shortage of talents can be achieved through the strategy of accelerating the construction of talent teams, such as through the introduction of talents and the cultivation of talents. Ample talent. If the time reserved for enterprise development planning is longer, we can train a group of comprehensive talents from scratch, and establish a cooperative relationship with the society or keep in touch with related companies to cultivate a talent team with comprehensive strength to provide corporate restructuring. Demand for the ability to promote the development of the auto finance industry.
