China strengthens classification supervision of auto finance companies. Those with greater risks will have their businesses restricted.
The larger the value of the regulatory rating result, the greater the risk of the institution and the need to pay a higher degree of regulatory attention. In July 2023, the State Administration of Financial Supervision revised and issued the "Administrative Measures for Auto Finance Companies", which expanded the business scope of auto Finance companies. The rating content reflects the characteristics of the industry, and the "professional service capability" rating element is specially designed to highlight the regulatory orientation of strengthening the professional capability building.