The field of automobile financing in China, self-brand enterprises and joint ventures have been the same treatment. Huishang Bank by Chery and Chery joint venture formed silver emblem car finance company, on April 21 announced the setting up in Shanghai. Since then, Chery has become China’s first independently owned financial services companies brand car.

The past, places that simply joint ventures and foreign finance to include in automobile financing business. In June terminal year, Chery is sanctioned economic businesses to build on a pilot basis. After 6 months to prepare, in December 2008 through the commendation of the China Banking Regulatory Commission, sanctioned the possibility in April of this year. Preparation time span, the Chery business and Huishang Bank as wanted to simulate the task, and collected numerous experience.

Silver Emblem Chery Automobile Finance Company reserved finance of 5 billion yuan, of which Chery invested 400 million yuan, accounting for 80% of shares; Huishang Bank portions accounted for 20%. The company’s finance is split into 12 many plates, including: the furnishes of consumer car hire finance to deliver procurement motor vehicle dealer hires and supplies hires task, surrounding erected plan hires and the Exhibition Hall, spare parts and maintenance supplies loans; and the furnishes of car hiring finance and so on.

Chery Automobile Emblem Bank to initiate economic businesses, so that enterprises can have more method to encourage market expansion, China’s economic system is an noteworthy breakthrough.