Development Of China's Auto Finance Research

Finance as the core of modern economy, has experienced the process that first be independent of the automotive industry from the outside to provide services and then grow inside of the automotive industry, finally as the key force in the automotive industry to guide the development and direction of the industry. In recent years, the auto-financial development in Europe and the United States indicated that with the emergence of automobile-finance business, the automotive industry shows a new trend: auto financing extended value chain of the automobile industry, while brought new sources of revenue and profits for the OEMs and dealers. It will not only consolidate existing resources within the automotive industry, but also be able to expand the automotive industry and related industries.China's auto financing is in its infancy, and Chinese car market has huge development space, needs of automobile financing is in the constantly expanding. In this paper, with using the factors of the main financial institutions, auto business, institutional environment and market environment and other aspects, analyzes the developments of China and foreign auto-finance and the reasons of many differences. Combined with our national features, the paper puts forward the proposal of the development for domestic auto-finance. This paper is divided into four chapters:The first chapter of the background set discusses the definitions, the importance of development of the auto-finance and development of automotive finance theory. Chapter II is after respectively provided Chinese and foreign auto-financial services organizations, auto-finance business and products, institutional environment, analyzes the differences, Merits and fault, and the reasons in these areas, summed up the advanced experience of the international auto-finance and use this reference in the auto-finance in China's reform and development. The third chapter with the national situation, from the macroeconomic, financial system, the concept of income and consumption, car finance management systems, automobile manufacturers and many other perspectives, shows analysis of the current advantages and disadvantages of developing the automotive finance, the opportunities and challenges of our car finance.Chapter IV according to the previous two chapters, based on the analysis of foreign experience and the advantages and disadvantages of China's auto-financing, it puts forward some of the proposed measures to solve the bottleneck of China's current auto-finance.In this paper, based on the industrial economic theory and financial theory combined with data and charts, it has the comprehensive analysis of the auto- finance system by the auto-finance institution, business, institutional environment, risk control and so on, and then reveals the problem and solutions of Chinese auto-finance; the proposed development strategy is comprehensive. Its shortcomings are lack of mathematical modeling as my knowledge shortage; it can not provide accurate analysis of auto finance industry by mathematical model.