---
title: "Hong Kong Stock Concept Tracking | Relaxation of Car Loan Policies May Boost Industry Chain (List of Concept Stocks Attached)"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/201421099.md"
description: "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"
datetime: "2024-04-08T01:48:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/201421099.md)
  - [en](https://longbridge.com/en/news/201421099.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/201421099.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/201421099.md) | [繁體中文](https://longbridge.com/zh-HK/news/201421099.md)


# 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", specifying that financial institutions, under the premise of legal compliance and controllable risks, autonomously determine the maximum loan-to-value ratio for loans on self-used traditional fuel vehicles and self-used new energy vehicles based on the borrower's credit status and repayment ability.

It is pointed out that the maximum loan-to-value ratio for self-used traditional fuel vehicles and self-used new energy vehicles is determined autonomously by financial institutions; the maximum loan-to-value ratio for commercial traditional fuel vehicles is 70%, and for commercial new energy vehicles is 75%; the maximum loan-to-value ratio for used cars is 70%.

Industry insiders in the automotive sector are optimistic about the stimulating effect of "0 down payment", with some believing that the leading institutions for "0 down payment" will be the automotive finance companies under whole vehicle enterprises. They will be more motivated to promote "0 down payment", making it easier to finance car purchases in installments, resulting in lower car prices, bundled with insurance, service fees, etc. However, some analysis points out that zero down payment means driving away without paying, with low thresholds and high risks. Generally, low down payments are associated with poor payment capabilities, making it easier for monthly payments to become problematic, while zero down payment means that the business is taking on all the risks.

Huaxi Securities pointed out that the auto market is entering a peak period for replacement, with an expected increase of 1.22 million units in replacement purchases by 2024, benefiting deeply from mid-to-high-end vehicle models. In addition, with the increase in supply of new energy vehicle models and the decrease in battery costs, independent car companies such as Great Wall Motors, Geely, and Changan are expected to see a substantial increase in new energy vehicle sales, accelerating the capture of market share from joint ventures.

**Companies related to automotive finance:**

**Yixin Group (02858):** As an automotive finance trading platform, Yixin released its 2023 annual performance report, showing a revenue of 6.686 billion yuan, a year-on-year increase of 29%; adjusted net profit was 910 million yuan, a year-on-year increase of 32%. Yixin achieved a total financing transaction volume of 678,000 transactions in 2023, a 22% increase year-on-year; the financing transaction amount reached 65.9 billion yuan, a 24% increase from the previous year. Among them, the volume of new car financing transactions for Yixin was 399,000 transactions, compared to 265,000 transactions in the same period of 2022, a 51% year-on-year increase, corresponding to a financing amount of 40.2 billion yuan, a 57% year-on-year increase

### 相关股票

- [YIXIN (02858.HK)](https://longbridge.com/zh-CN/quote/02858.HK.md)

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