Lates News

date
16/06/2025
The current automotive industry is responding to the government's call to shorten payment periods to avoid "internal competition." In order to better serve the transformation and upgrading of the automotive industry and help solve the new financing needs that have emerged, the China Securities Association held a symposium on supporting the high-quality development of automotive enterprises in the China interbank market on June 16, 2025. Representatives from automotive enterprises and lead underwriters attended the meeting, which was chaired by Xu Zhong, Vice President of the China Securities Association. Representatives from 9 companies including FAW Group, SAIC Group, BAIC Group, BYD, Geely Holding Group, Great Wall Motors, NIO Group, XPeng Motors, and Xiaomi Group introduced the difficulties and challenges they have encountered in the industry's "internal competition," and put forward suggestions for further optimizing the financing environment for automotive enterprises. Lead underwriters conducted on-site discussions regarding the financing needs of automotive enterprises.
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