Is the approval of GAC Finance strict?

Guangzhou Automobile Finance has strict approval. According to the financial supervision requirements of local governments and the actual situation of GAC Huili Finance, the difficulty of passing the examination and approval is generally moderate. The audit procedure is more complicated and requires more materials. The government is often cautious about new institutions and it is difficult to pass the examination and approval. Auto finance business involves loan and financing business, which requires high capital risk control, and it will be challenging to pass the examination and approval. It is also necessary to obtain the financial institution license of CBRC, and the qualification conditions are stricter, so it will be more difficult to pass the audit.