Great Wall Automotive Finance Co., Ltd.
Great Wall Automotive Finance Co., Ltd., established in 2014, is the first licensed automotive finance company in Tianjin. The Company was jointly funded by Great Wall Motor Co., Ltd. and Tianjin Binhai Rural Commercial Bank Co., Ltd., with a registered capital of RMB 2.1 billion. The Company’s main business is to provide financial services for automobile buyers and sellers in China, and such business covers 31 provinces, autonomous regions and municipalities across the country. In 2019, the Company’s operating income was RMB 1.472 billion, the net profit was RMB 660 million, the loan balance exceeded RMB 30 billion, the cumulative contract quantity exceeded one million, and the cumulative issuance of the three phases of ABS Changying instrument exceeded RMB 10 billion.
