Text: Understand the original Chedi Cai Limei
A few days ago, according to domestic media reports, the administrative penalty information disclosure table of the Chongqing Supervision Bureau of the State Administration of Financial Supervision shows that on September 13, 2024, the Chongqing Supervision Bureau of the State Administration of Financial Supervision and Administration fined Changan Automobile Finance Co., Ltd. 900,000 yuan, warned Cao Zhi, then general manager of the credit approval department of Changan Automobile Finance Co., Ltd., and warned Xiong Xi, then deputy general manager of the marketing business department of Changan Automobile Finance Co., Ltd.
Source: Chongqing Supervision Bureau of the State Administration of Financial Supervision and Administration
The main facts of violations of laws and regulations are: the review of additional loan issuance is not prudent; infringing on the independent choice of financial consumers, and passing on their own risk control costs to customers in violation of regulations; The risk management and control of the second-hand car business is not in place.
Source: Changan Automobile Finance Co., Ltd. official website
According to the data, Changan Auto Finance Co., Ltd., the predecessor of "Chongqing Auto Finance Co., Ltd.", was established in Chongqing in 2012 with the approval of the China Banking and Insurance Regulatory Commission, completed the capital increase and reorganization in 2016 and changed to the current name of "Changan Auto Finance Co., Ltd.", and in 2017, in order to strengthen industrial finance and enhance core capabilities, the registered capital increased to 4.77 billion yuan.
Source: Changan Automobile Finance Co., Ltd. official website
It is understood that Changan Auto Finance Co., Ltd.'s current new car business mainly serves the brands of the automobile industry of the Ordnance Equipment Group, including Changan Passenger Vehicle, Changan New Energy, AVATAR, Auchan Automobile, Kaicheng Automobile, Changan Ford, Changan Mazda, etc., covering all provinces, municipalities and autonomous regions across the country except Hong Kong, Macao and Taiwan, with a total of nearly 500 billion yuan of credit, providing high-quality financial services for more than 4,000 auto dealers and 3.7 million auto consumers.