China’s auto industry is facing a year of weak growth after a golden age due to economic downturn and slackening demand. Modest growth is expected to be the new norm for China’s auto market in the future. By contrast, China’s auto finance market is experiencing a strong growth and estimated to reach a penetration rate of 50 percent and a market size of RMB two trillion in 2020, as 2015 China Auto Finance Report indicates. Enterprises need to leverage various creative and effective financial services to offset the slowdowns in traditional services.
The European Chamber is pleased to invite you to a joint meeting of the Consumer Finance, Non-Banking Financial Institutions (NBFI) and Automotive Working Groups on Auto Finance. It will be held on Tuesday, 14th June starting at 8:30 am at the European Chamber’s Beijing Office.
Topics to be explored:
Recent innovations in the auto finance field
Development of a few major models in China
“Internet era”- online auto finance
Best practices sharing
About the speakers:
Benjamin Chang, Deloitte China Automotive Consulting Director
Benjamin Chang has 8 years of consulting experience focusing on Strategy and Corporate Finance plus 7 years of finance industry experience in investment (Private Equity and Venture Capital) and equity capital market. He majorly focuses on sectors such as auto, TMT, consumer goods, industrial and banks in the greater China market. He also has years of experience in other regions, including Japan, Korea, India, Malaysia and Taiwan.
Agenda:
8:00—8:30 Registration and Coffee
8:30—8:40 Welcoming Remarks and Roundtable Introduction
8:40—9:00 Presentation by Benjamin Chang, Deloitte China Automotive Consulting Director on Deloitte’s 2015 Auto Finance Report
9:00—9:20 Presentation by Li Xia, CEO of Genius Auto Finance Co., Ltd.
9:20—10:00 Q&A
