China issues new auto credit rules to curb risk

Newswire

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 (www.pbc.gov.cn) 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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