www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

Geely announces vehicle financing venture with BNP Paribas

Updated: 2013-12-18 07:01
By Li Fangfang ( China Daily)

Geely announces vehicle financing venture with BNP Paribas
Chairman of Zhejiang Geely Holding Group, Li Shufu poses for a photo at an assembly line of the new Volvo automobile manufacturing plant in Chengdu, Sichuan province, on June 5. [Photo / Agencies]

China's privately owned Geely Automobile Holdings Ltd said on Tuesday that it has entered into an agreement with the personal finance subsidiary of France's biggest lender, BNP Paribas SA, to form an auto financing venture, providing services to Chinese car buyers.

According to a joint statement filed with the Hong Kong Stock Exchange, registered capital for the venture will reach 900 million yuan ($148 million), of which 80 percent is coming from Geely Automobile for an equal stake, with BNP Paribas Personal Finance providing and holding the balance.

The deal is still pending the approval from relevant Chinese authorities, including the China Banking Regulatory Commission.

Geely Automobile's shares closed on Tuesday at HK$3.82 (49 US cents) each, rising 1.29 percent on the Hong Kong exchange.

Geely said the new company will provide auto financing products and services to the China market, including wholesale financing solutions for auto dealers in purchasing cars and operating facilities, and retail financing for customers.

Li Donghui, vice-president and CFO of Zhejiang Geely Holding Group, which purchased Volvo Cars in 2010, and executive director of Geely Automobile, said that Geely is "thrilled to be able to offer safe, professional and convenient auto financing solutions to our customers", as China's automotive market continues to grow at a rapid clip and customers increasingly seek new, innovative ways to finance their auto purchases.

"These financing solutions will also enable us to help our dealers improve their operating efficiency and maximize their revenue potential," Li said.

"Combining Geely Automobile's access to customers and dealers with BNP Paribas Personal Finance's experience and expertise will help stimulate further sales growth," he added.

Statistics show that in November, Geely's total sales jumped 11 percent from a year earlier to 57,000 vehicles, making the Hangzhou-based company the 10th largest Chinese automaker by sales.

In the first 11 months, Geely sold 488,700 vehicles, up 15 percent year-on-year, and accounting for 87 percent of its annual target of 560,000 units for 2013. And while China's automotive industry has experienced a downtown in overseas markets this year, Geely saw its exports surge in November by 51 percent over last year.

With the company offering a range of personal financing services in about 20 countries and regions, BNP Paribas Personal Finance CEO Thierry Laborde said participation in China's auto financing sector "represents a big step in our commitment to the financial market in China".

This partnership is another milestone in the holding group's development plan in Asia-Pacific and in China in particular, following an announcement in July to enter a 50-50 equity joint venture with Bank of Beijing in the insurance sector.

According to the People's Bank of China, by the end of 2012, 16 auto financing companies had been established in China. Also that year, the automobile financing sector grew by 30 percent year-on-year to 392 billion yuan in the world's largest vehicle market.

The overall auto financing sector is expected to reach 670 billion yuan by 2015, of which auto financing companies will take 24 percent, equaling 160 billion yuan.

Analysts also said that in the next decade, the penetration rate of auto financing should rise from 16 percent in 2012 to 30 percent or higher, as the Chinese government further liberalizes the personal credit system and more players join the sector with new financing companies.

 
8.03K
 
...
主站蜘蛛池模板: 国产在线精品观看一区 | 免费观看欧美成人h | 欧美粗又大gay69视频 | 久久亚洲人成国产精品 | aaa毛片在线 | 久久―日本道色综合久久 | 色拍自拍亚洲综合在线 | 在线视频一区二区三区四区 | 久久亚洲国产 | 日韩a级| 久久精品视频大全 | se视频在线观看 | 2022麻豆福利午夜久久 | 欧美特黄高清免费观看的 | 国产a级三级三级三级中国 国产a级特黄的片子视频 | 精品成人免费一区二区在线播放 | 午夜不卡在线 | 亚洲性无码av在线 | 香港激情黄三级在线视频 | 午夜综合 | 欧美一级淫片免费播放口 | 99精品视频在线观看免费 | 在线视频免费国产成人 | 中文精品久久久久国产网址 | 一级毛片免费观看不卡的 | 九九99香蕉在线视频网站 | 久久国产成人精品麻豆 | 日本黄色毛片 | 亚洲成人免费网址 | 亚洲免费成人 | 日本一级在线观看 | 免费国产精品视频 | 欧美成人三级网站在线观看 | 亚洲国产精品成人午夜在线观看 | 纯欧美一级毛片免费 | 亚洲一区在线视频观看 | 日本www色视频成人免费网站 | 九九线精品视频 | 欧美在线高清视频播放免费 | 亚洲综合日韩欧美一区二区三 | 亚洲欧美一级视频 |