Meeting with DG Ji Zhihong, PBOC’s Financial Market Department

2016-06-01 | Beijing

The purpose of the meeting was to present the current shortage of available funding at reasonable prices that Consumer Finance Companies (CFCs) and Auto-Finance Companies (AFCs), circumstances that restricts the sustainable development of their business in China.

DG Ji Zhizhong recognised the role of CFCs and AFCs in the rebalancing of the economy and understood the funding problems faced. His department will study the problems and recommendations presented by the working group and try to address them in the new rules.