The Research On Capital Chain Of Chinese Automobile Finance

With the development of the economy in China, the market of automobile consumption has been opening and the automobile industry has been developing rapidly. The Chinese economy has maintained a momentum of fairly rapid growth and the automobile industry has become a focus accordingly. For a mass of financial capital and advanced management technology of developed country will swarm into our automotive industry. The competition between national industry and foreign enterprises will carry out in the whole automotive industry chain. Centering on the service of automobile finance, the market of automotive industry will more and more become the focal point. As a tie of manufacturers, distributors and consumers, automobile finance services for manufacture, distribute and the development of automobile finance is of vital importance to the automotive industry survival and development. Along with the development of automobile industry, automobile finance will play an important role.In 2009, the economy of our country continued to steady and rapid development, and automobile industry maintained a rapid development. The automobile productions and distributions are both breakthrough 8million and they grew to 22%year-on-year. While a series of policies which can guide automobile industry development has been carrying out. And the industrial structure has adjusted with the competition and the export has grown rapidly. Among January and June, auto productions and distributions respectively completed 892.73 million vehicles and 901.61 million vehicles, the growth was up to48.84%and 47.67%in 2010. All kinds of models grew.With the auto productions and distributions growth, the automobile industry has been developing rapidly in fixed asset investment. And the export remains higher growth.The automobile industry maintained a steady and fast development in 2010 by statistics.The productions was up to 150 million monthly and it refreshed the record levels. In the whole automobile industry structure, financial services play an increasingly important role in optimizing structure, having convenience to consumers, shortening the automobile companies'capital turnover. Especially in nowadays, automobile financial services has increasingly become an indispensable industry. So with sufficient funds and continued capital chain is an important condition to develop automobile finance. The capital chain of automobile finance mainly includes funds raising and funds use.Firstly, the article analysis the meaning and the related automobile finance theory.On this foundation, I explain that solving capital chain of automobile finance is the key to promote the development of automobile industry. Secondly, the article introduces and summarizes the history of development and the experience of the auto financing company in the foreign societies. And make a profound analysis of it from three aspects:automobile financial institutions, funding sources and funding operation. Thirdly, by explaining and researching the related policies, I make a deep study about the present status, the problems and the causes of the chain of Chinese automobile finance. And I find out the problems that block the development of our automobile finance. Finally, by analyzing the experience of developed automobile finance in the foreign societies for reference and concerning our actual circumstances, I give some suggestions...