China issues new auto credit rules to curb risk


BEIJING, Jan 21 (Reuters) - China published new rules to help auto credit lenders curb risks on Wednesday as they gear up to cash in on the world's fastest-growing major car market. The rules, published on the central bank's Web site ( for public feedback until February 20, were "aimed at regulating the auto loan business to prevent risks and safeguarding the legitimate rights of lenders and borrowers". General Motors , Volkswagen AG and Toyota Motor Corp have won ...

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