Market & Industry
How Much Preferential Purchase Tax Policy Can Do to Boost the Auto Market?
How Much Preferential Purchase Tax Policy Can Do to Boost the Auto Market?

Ministry of Finance announced on December 15th : passenger cars whose displacement is 1.6 liters or below will be levied the purchase tax by the rate of 7.5%.

Dec. 16 , 2016
Chinese billionaire Dong Mingzhu and Wang Jianlin became shareholders of Zhuhai Yinlong; add 3bn to make cars
Chinese billionaire Dong Mingzhu and Wang Jianlin became shareholders of Zhuhai Yinlong; add 3bn to make cars

Mrs. Dong Mingzhu, Beijing Yanzhao Huijin International Investment Co., Ltd, Wanda Group of Dalian city, Jiangsu Jingdong Bangneng Investment Management Limited and 5 units or individuals possessed 22.388% equity stake of Zhuhai Yinlong in total.

Dec. 16 , 2016
CAAM: Policies will decide market growth in the next year
CAAM: Policies will decide market growth in the next year

If the purchasing tax halving policy for vehicles with engines no larger than 1.6L continues, the market sales will reach 29.68m units with a growth of 6% in 2017 compared with 2016

Dec. 15 , 2016
Joyson Electronics’ RMB 8.3bn directional add-issuance was approved; car business made huge progress
Joyson Electronics’ RMB 8.3bn directional add-issuance was approved; car business made huge progress

Joyson Electronics announced on Dec. 11th that its 279 million shares’ directional add-issuance for new shares had been examined and approved by CSRC.

Dec. 15 , 2016
Li Shufu increases holdings of Geely Auto with about HKD 600m for consecutive two days
Li Shufu increases holdings of Geely Auto with about HKD 600m for consecutive two days

Data shows that Li Shufu increases holdings of Geely Auto of 28.39m shares and 37.39m shares on December 6th and 7th respectively, with a price of HKD 7.85 and 8.19.

Dec. 14 , 2016
Models S involved in Takata air bag recalling incident, Chinese market isn’t informed
Models S involved in Takata air bag recalling incident, Chinese market isn’t informed

NHTSA released a model list involving 19 auto companies using the problem airbags. New entrants include Tesla 2012-2016 Model S.

Dec. 14 , 2016