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Captive providers outperform banks in dealer finance satisfaction in China

SHANGHAI - Captive providers in China outperform banks in overall dealer finance satisfaction, according to the J.D. Power Asia Pacific 2014 China Dealer Financing Satisfaction (DFS) StudySM released on September 17. The inaugural study examines dealer satisfaction with finance providers in two segments, retail credit and floor planning, based on

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Commercial vehicle industry to benefit from deregulation of loan rate

  The People’s Bank of China (PBC) deregulated loan rate of financial institutions as of July 20, 2013 to further marketize the country’s loan system. Financial institutions are no longer required to meet the 0.7 minimum interest rates for commercial loans. According to an executive of the PBC, this reform

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