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Banks Should Support Expansion Of Automobile Consumption

CHINA PRESS
MNI (Singapore)

Financial institutions should help expand and lower the threshold of automobile consumption by relaxing auto loan application conditions, reducing downpayment ratios, and extending the loan period, according to a document released by National Administration of Financial Regulation. They are also required to increase financial support to encourage new types of consumption, and reduce consumer finance costs by standardising financial service charges and setting reasonable interest rates, the document said. (Source: Shanghai Securities News)

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