The Development of Consumer Finance in China
The consumer finance is beneficial to the promotion of the consumption growth. However, there were only two avenues for consumer loans in China: banks and automobile financing companies before 2009. And the medium & long-term consumption loans still dominate consumer credit which cannot effectively promote the growth in consumption. In 2009 China’s banking regulator issued a draft of new rules for the establishment of consumer financing firms, in a move that could help to boost demand at home at a time when China’s exports are falling. Since their establishment, the consumer finance companies have already made great achievements and shown a bright future.
consumer finance consumer finance company consumption loans
ZHENG Chunyan
Post-doctoral Workstation, Bank of Beijing, Beijing, China, 116024
国际会议
大连
英文
591-595
2012-07-07（万方平台首次上网日期，不代表论文的发表时间）