By Tang Zhengyu and Chen Ling, Sidley Austin Brown & Wood, Shanghai
In recent years, the Chinese automobile market has experienced phenomenal growth. According to the China Association of Automobile
Auto Finance Companies Finally Get the Green Light in China
The China Banking Regulatory Commission (CBRC) promulgated the long-awaited Administration of Auto Finance Companies Procedures (the Procedures) on October 3 2003. The Procedures are seen as an important step towards the liberalization of China's automobile market.
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