China allows auto financing firms to sell bonds

Newswire

SHANGHAI, Jan 30 (Reuters) - China will allow auto financing firms to sell bonds and borrow from the nation's interbank market under revised rules which could help speed up the development of the fledgling auto loan market. Auto financing companies take deposits from their domestic and foreign shareholders and invest in financial institutions that also provide auto financing services, the China Banking Regulatory Commission said in a statement. Most Chinese and international auto makers, ...

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