Hong Kong Stock Concept Tracking | Relaxation of Car Loan Policies May Boost Industry Chain (List of Concept Stocks Attached)

The People's Bank of China and the China Banking and Insurance Regulatory Commission jointly issued the "Notice on Adjusting Policies Related to Auto Loans", relaxing the auto loan policies. The maximum loan-to-value ratio for self-use auto loans will be determined independently by financial institutions. It is expected that companies in the automotive finance sector, such as Yixin Group, will benefit from the policy boost. Its 2023 annual performance report shows significant growth in revenue and net profit. Meanwhile, Huaxi Securities pointed out that the auto market is entering a peak period for replacement, with an expected increase in replacement purchases in 2024. Mid-to-high-end models and new energy vehicles are expected to benefit. As an automotive finance trading platform, Yixin Group will have more opportunities to promote "0 down payment" auto loan installments, supporting the development of the auto market