整顿“高息高返”！多家银行公开声明→

Core Viewpoint - The automotive consumer finance market is undergoing significant regulatory changes, particularly in response to the "high interest, high rebate" business model, which has been deemed problematic and is being phased out across various regions in China [1][6][9]. Group 1: Regulatory Actions - Since June, multiple banks in Henan province have collectively issued statements to halt the "high interest, high rebate" business model, aiming to standardize automotive consumer finance practices and protect consumer rights [2][4]. - Major banks, including Industrial and Commercial Bank of China and Bank of China, have committed to capping actual customer interest rates at no more than double the current one-year Loan Prime Rate (LPR), which translates to a maximum annualized rate of 6% [4][5]. Group 2: Market Dynamics - The "high interest, high rebate" model has created a unique profit chain among banks, car dealers, and consumers, where banks pay high commissions to dealers, who then offer discounts to consumers, creating an illusion of lower loan costs [7]. - Despite the apparent benefits of this model, it has led to issues such as lack of transparency in commission structures and ambiguous default terms, ultimately harming the competitive landscape of the automotive consumer finance market [7][9]. Group 3: Future Outlook - As the "high interest, high rebate" model is phased out, the automotive consumer finance market is expected to undergo a transformation, prompting banks to reassess their business models and seek new growth avenues [9][10]. - Financial institutions are encouraged to adopt differentiated strategies based on their business positioning and customer profiles, moving away from price wars and focusing on innovative products and quality services to foster sustainable market development [9][10].