Automotive finance

Author: Wang Zaixiang
Publisher:
Publish Date: 2004-02-01
Features: The development of finance determines the fate of the economy; the openness of finance determines the fate of the people. The openness of finance is not only for enterprises, for the country, and for the world, but more importantly, it reflects whether it upholds "populist principles" and opens up to the vulnerable groups in the society! The "omnivorous" nature of the Western financial system has proven that finance is the lever of wealth, the lever of social progress, and the lever for the common people to achieve a better life. The essence of finance is "adding flowers to a blooming garden," while banks' preference is "discriminating between the rich and the poor"—this is determined by economic laws. However, policies and financial theories can also make this proud "princess" provide "warmth in winter" for the people. When people abroad begin to embrace more advanced, modern, and new types of transportation, let this nation that early discovered the "rolling wheel" have the opportunity to enjoy the convenience of cars. Its legs have been walking for thousands of years! Automotive finance is coming from the backyard of the rich to the Chinese nation. Written by Wang Zaixiang, an expert in automotive finance and the director of the Automotive Finance Engineering Institute at the China Automotive Technology & Research Center, "Automotive Finance" is one of the books in the "Automotive Finance Series" to be published by the China Financial Publishing House. The book systematically introduces the historical development and basic operating principles of automotive finance both domestically and internationally, explains the basic theoretical knowledge of automotive finance in a popular manner, and provides thorough, scientific, and rational analyses and discussions on aspects such as the strategic development of automotive finance, financing structures, the development and marketing of financial products, the establishment and management of credit systems, and development strategies for automotive finance in China. The book also introduces the "market analysis" theory from Western economics, analyzes, and concludes that "perfectly competitive markets are not applicable to the profit models of automotive financial services," "perfectly monopolistic markets are not applicable to the profit models of automotive financial services," "monopolistic competitive market structures are applicable to the profit models of automotive financial services," and "oligopolistic market structures are applicable to the profit models of automotive financial services." It also provides a detailed analysis of the operational status of the profit models of automotive financial services under each market condition.