At 9:00 a.m. Beijing time on October 22, the second China Auto Finance and Industry Development Summit Forum (hereinafter referred to as the "Forum") was officially opened in Kunming, Yunnan.
The domestic epidemic is not over, but the auto industry has not been stagnant, the wave of change and innovation is still raging, the upward growth trend of auto finance penetration rate is still unchanged, 2021 is the opening year of the "14th Five-Year Plan", auto finance still has a large industry development space and growth potential. Standing at a new starting point for the development of China's auto industry in the "14th Five-Year Plan", auto finance companies should better promote automobile consumption, deeply support the automobile industry, support and serve the development of the real economy, achieve dual-track high-quality development by financing and midwifery, create favorable conditions for the long-term and steady development of the auto finance industry, create a new situation for the high-quality development of the auto finance industry in the new period, and jointly open up a bright prospect for the industry. Based on this, this forum strives to build an open communication platform and burst out the mainstream voice of the development of the auto finance industry.
The 2nd China Auto Finance and Industry Development Summit Forum with the theme of "Rejuvenation and Pattern Reshaping" was guided by the Management Committee of Tianjin Dongjiang Bonded Port Area, hosted by Rongyixue, and strategically supported by Ping An International Financial Leasing Co., Ltd. At the same time, it has been supported by the Commercial Vehicle Professional Committee of China Automobile Dealers Association, Henan Leasing Industry Association, Anhui Financial Leasing Enterprise Association, Shanghai Leasing Industry Association, Shenzhen Financial Leasing Industry Association, Qingdao Financial Leasing Industry Association, Foshan Financial Leasing Industry Association, Ningbo Financial Leasing Association, Guangzhou Financial Leasing Research Institute, as well as Shanghai University of Finance and Economics| Shanghai International Bank finance school, Central University of Finance and Economics Financial Innovation and Risk Management Research Center, The academic support provided by the Hong Kong Institute of International Finance and The brand support of Heda University, Wandi Digital, Jurui Cloud Control, Pan-Titanic Technology, Huawei Internet of Things, and Hehe Information. Many media in the industry have carried out multi-faceted reports on the forum. More than 500 industry leaders, including representatives of auto finance companies, commercial banks, auto finance companies, financial leasing companies, financial leasing companies, senior scholars and media journalists, attended the meeting.
At the main forum in the morning, Qu Chongguang, deputy director of the Financial Leasing Promotion Bureau of Tianjin Dongjiang Bonded Port Area, Wei Shaoqing, chairman of Rongyixue, Lang Xuehong, deputy secretary general of China Automobile Dealers Association, Du Hu, general manager of commercial vehicle business department of Ping An International Financial Leasing Co., Ltd., Han Yong, CEO of Pioneer Pacific Alliance, Tao Jun, judge of the Court of Tianjin Pilot Free Trade Zone and The Financial Leasing Center of Dongjiang Bonded Port Area, Wang Yining, assistant general manager of FAW Finance Co., Ltd., and finn gmbh, a German auto subscription innovation platform Elise Chen, vice president of the company (MAIN ENGINE plant business) and many other heavyweight guests delivered keynote speeches on the new characteristics and trends of the development of the automotive industry in the post-epidemic era. At the same time, Li Siyuan, co-founder of Rongyixue, served as the moderator of the main forum in the morning.
The forum has the honor to invite Qu Chongguang, deputy director of the Financial Leasing Promotion Bureau of Tianjin Dongjiang Bonded Port Area, to attend and deliver an opening speech, as the government support unit of this forum, Director Qu first expressed a warm welcome to the leaders, experts and enterprise friends from all over the country on behalf of the Tianjin Dongjiang Bonded Port Area Management Committee! He also said that Tianjin, as an important birthplace of China's modern industrial development and a leading city in the field of automobile manufacturing in China, now has more than 1,000 automobile industry enterprises and nearly 130,000 employees. In order to continuously optimize the profession, Tianjin Dongjiang mainly focuses on three aspects, one is to launch the pilot supervision of financial innovation and create a flexible supervision method; the second is that Dongjiang has set up the only professional court for financial leasing in the country to escort the steady development of enterprises; third, to empower enterprises in financial leasing, commercial factoring, financing guarantees, etc., tailor-made systematic solutions for all kinds of investors, and provide high-quality and efficient public services.
Qu Chongguang, deputy director of the Financial Leasing Promotion Bureau of Tianjin Dongjiang Bonded Port Area
Wei Shaoqing, chairman of Rongyixue, first of all, thanked the Tianjin Dongjiang Bonded Port Area Management Committee for its guidance, the strategic support of Ping An International Financial Leasing Co., Ltd., and the strong support of the China Automobile Dealers Association and local leasing associations. He pointed out that 2021 is the first year of the 14th Five-Year Plan, which is both an opportunity and a challenge, which is of great significance. At present, after the rapid development of commercial vehicle finance in recent years, it has entered a short adjustment period, so the importance of financial services around the upstream and downstream of the commercial vehicle industry chain has become increasingly prominent, and this is also an important focus of major financial institutions in the future. Coinciding with the alternating superposition of the century-old changes and the world epidemic, which is an era full of challenges and opportunities, Rongyixue continues to focus on the financial industry, talents and enterprise growth integrated solutions, focuses on the training and consulting needs of enterprise talents, is committed to becoming a partner that accompanies the common growth of financial enterprises, and promotes the healthy and sustainable development of the auto finance industry with industry professionals in the field of auto finance with a more professional attitude.
Chairman of Rongyixue Is Shaoqing
Lang Xuehong, deputy secretary-general of the China Automobile Dealers Association, said in the theme sharing of the "Development Trend of the Automotive Industry in 2021 under the Background of the 14th Five-Year Plan" that the scale of auto consumer finance and the penetration rate of auto finance have been rising, the overall scale of the auto finance market has exceeded 2 trillion, and the financial companies with OEMs and dealer backgrounds account for about half of the share. In terms of the future development space of finance, for new cars, this way of financial leasing is our future development space. To improve the penetration of our finance, the overall policy is to promote the transformation of auto consumer goods from purchase management to use management, from finance-related words, we must transfer the consumption of automobiles from property rights consumption to use right consumption, it may be a subscription service, it may also be a financial lease. And second-hand cars are the depression of auto finance, and there is huge room for development.
Lang Xuehong, deputy secretary-general of the China Automobile Dealers Association
Du Hu, general manager of the commercial vehicle division of Ping An International Financial Leasing Co., Ltd., said in the theme sharing of "Commercial Vehicle Financial Development Status and Prospects": The past five years have been a period of strategic opportunity for commercial vehicle finance: on the one hand, the sales volume of the commercial vehicle market has always been growing; on the other hand, the financial penetration rate is increasing, of which the financial penetration rate of heavy trucks exceeds 80%, and even reaches 90%. After more than 5 years of rapid growth, the first half of 2021 first rose and then suppressed, the second half of the year sales are a sharp decline, the heavy truck market into the adjustment cycle, macro economic, policy, technology and other factors on the micro impact more and more significant, financial competition will be further intensified, market-side competition is mainly reflected in price, down payment, service efficiency, etc., the asset side is reflected in customer and physical asset management capabilities, which will determine the future of financial companies to obtain low-cost funds and high-quality assets. As new heavy-duty trucks enter the stock era, new opportunities are gradually emerging, such as the exploration from financial leasing to operating leasing, and the financial extension from individual drivers to the logistics industry chain. At the same time, in addition to the stock market, there are incremental markets brought about by social changes, policy promotion, technological innovation, etc., such as second-hand commercial vehicles and new energy commercial vehicles.
Du Hu, General Manager of Commercial Vehicle Division of Ping An International Financial Leasing Co., Ltd
How to shift from the incremental market to the operating stock market is what auto finance companies want in the future. In the theme sharing of "Analysis of mainstream business innovation model of auto finance", Han Yong, CEO of Pioneer Pacific Alliance, said that in previous years, all commercial vehicle heavy trucks were two-year loan period installments, and from this year onwards, they were three-year installments, whether it was passenger cars or commercial vehicles, as long as this market is in transition, the operation-centered digital intelligence of customers is imminent.
Pioneer Pacific League CEO Han Yong
In the theme sharing of "Specialized Trial Practice and Compliance Risk Heat Review of Automobile and Finance Cases", Judge Tao Jun of the Tianjin Pilot Free Trade Zone People's Court and the East Xinjiang Bonded Port Area Financial Leasing Center Court specially emphasized the improvement of the attributes of financing, he mentioned that if the business process is separated from the attributes of financing and financing, it is very likely to be recognized as a loan in the current judicial environment, including many of our existing business vehicles, which are very similar to the business model of mortgage loans. I hope that you will pay more attention to this point and avoid being subject to great risks in the future.
Judge Tao Jun of the Tianjin Pilot Free Trade Zone People's Court and the East Xinjiang Bonded Port Area Financial Leasing Center Court
Wang Yining, assistant general manager of FAW Finance Co., Ltd., said in the sharing of "Reflections on Commercial Vehicle Financial Business under the Trend of Digital Intelligence" that ecological digital intelligence must be built around the entire customer circle of customers. We are now from the perspective of finance and pan-finance, in fact, we are involved in a lot of data, in fact, from the perspective of the industry, we are also facing a situation without an industry data lake. So I hope that uniting all forces, integrating all our data, and forming a virtuous circle for the next development of our entire industry during the "14th Five-Year Plan" period through the form of industry data lake.
Wang Yining, assistant general manager of FAW Finance Co., Ltd
Elise Chen, Vice President (OEM Business) of finn GMBH, a German auto subscription innovation platform, shared the value chain of automobile sales in "Auto Subscription - Innovative E-commerce Solutions to Disrupt the Automotive Industry", which can be divided into five steps: first, the purchase of vehicles; second, the development of e-commerce platform technology; third, customer acquisition and customer management; fourth, fleet management and operation; and finally, used car processing.
Elise Chen, Vice President (OEM business) of finn GMBH, a German automotive subscription innovation platform
The main forum meeting in the morning has a clear theme and is wonderful! The guests expressed their views and participated in the interaction, from macro changes and industry trends, embracing the new technological revolution to grasp the new opportunities for the development of auto finance, digital intelligence to help auto finance business innovation, etc., put forward many valuable suggestions and lofty ideas, the participants said that they benefited a lot.
In addition to the main forum in the morning, the China Auto Finance and Industry Development Summit Forum also set up three parallel sub-forums with different themes in the afternoon - the parallel sub-forum for the development of the new energy vehicle financial industry, the parallel sub-forum for the development of the passenger car financial industry, and the parallel sub-forum for the development of the commercial vehicle financial industry.
At the parallel sub-forum on the development of commercial vehicle financial industry, Mu Shaowu, general manager of Guangxi Tongsheng Financial Leasing Co., Ltd., Deng Jiang, CEO of Pan-Titanic Technology, Zhang Chunxi, assistant general manager of Shaanxi Automobile Commercial Vehicle Sales Company, Hu Yanli, general manager of the manufacturer business department of Zhejiang Zhejiang Yin Financial Leasing Co., Ltd., Chen Zhijian, head of network freight business of Manbang Group, Yang Bin, director of Wanwei Technology Auto Finance Business Department, and other big names in the industry made keynote speeches. The final roundtable session, with "Analysis of Commercial Vehicle Finance and Its Aftermarket Operation Model under the "New Infrastructure"" as the theme of the roundtable discussion, was hosted by Zhang Zhenhua, Sales Director of the Commercial Vehicle Division of Huge Auto Trade Group Co., Ltd., and discussed with Mu Shaowu, General Manager of Guangxi Tongsheng Financial Leasing Co., Ltd., Fan Xingbo, General Manager of Yunnan Huirong Non-Performing Assets Disposal Co., Ltd., Xie Shengli, Executive Deputy General Manager of Xinhao International Financial Leasing Co., Ltd., and Pu Fan of Shanghai Card Merchant Zhilan Information Technology Co., Ltd.
Han Xu, senior director of marketing of Jizhi Auto Finance Co., Ltd., Wan Ping, general manager of used car platform company of Guanghui Automobile Service Group Co., Ltd., Lu Qi, director of the automotive industry and solution expert of Faca University, Cai Bo, co-founder of Cheduoduo coo, Pu Zhenwen, vice president of Youyou Garage, Gu Lan, general manager of Lixin Financial Leasing (Suzhou) Co., Ltd., and other industry representatives made keynote speeches.
At the parallel sub-forum of the development of the new energy vehicle financial industry, Cui Dongshu, secretary general of the National Passenger Car Market Information Joint Association, Ye Xiang, head of the auto finance manufacturer business of Ping An International Financial Leasing Co., Ltd., Yuan Guo, vice president of the ground railway, Ms. elise Chen, vice president of the German auto subscription innovation platform finn gmbh company (MAIN engine factory business), Du Jiangbo, general manager of Hexin Financial Leasing (Guangzhou) Co., Ltd., and other big names in the industry made keynote speeches.
At the end of this forum, the "Star Award" award ceremony was also specially set up to witness the announcement of 16+ heavyweight awards! The annual award ceremony aims to set a pioneering example in the auto finance industry, continue to tap emerging forces, build a high-efficiency exchange and aggregation platform in the industry, encourage auto finance enterprises to move forward together, and take outstanding enterprises and personalities as benchmarks to jointly promote the healthy and steady development of the auto finance industry. At the awards dinner, 200+ guests gathered together to share the wisdom of auto finance!
At this point, the second China Auto Finance and Industry Development Summit Forum came to an end, and the "Star Award" award dinner was a complete success! Since the 2020 China Auto Finance and Industry Development Summit Forum was held, this series of summit forums has been successfully held for two sessions and has become a dazzling business card in the auto finance industry. In the future, this series of summit forums will, as always, be committed to creating a highly influential auto finance event at home and abroad, and enjoy new value in order to lead the upgrading of China's auto finance industry! In order to help the construction and development of China's auto finance industry continue to exert efforts!