The preparation and opening materials submitted by the applicant shall be written in Chinese.
Article 9 To apply for the establishment of an auto financing company, the main investor is the applicant, and the following materials shall be submitted to the China Banking Regulatory Commission:
(1) An application for preparation. The contents include the name of the auto financing company to be established, the company's registered place, registered capital, investors and their capital contribution, business scope, etc.
(2) A feasibility study report on the establishment of an auto financing company. Its contents include the market prospect analysis, future business development planning, organizational management structure and risk control ability analysis, asset-liability scale and profit forecast after the company opened for three years.
(3) Articles of Association of the auto financing company to be established (draft).
(4) Basic information about the investor, including the investor's name, legal representative, registered address, copy of business license, business operation, etc.
(5) The balance sheet, profit and loss statement and cash flow statement of the investor audited by a legal institution in the last three years.
(six) the list and resume of the person in charge of the preparation.
(7) Other documents required by China Banking Regulatory Commission.
If the applicant is a foreign-funded non-bank financial institution, a written opinion issued by the financial regulatory authority of the place of registration shall be provided when applying for preparation. If the applicant is a non-financial institution, the credit rating report of the rating agency on the applicant in the latest 1 year shall be provided when applying for preparation.
Article 10 The China Banking Regulatory Commission shall, within 6 months from the date of receiving the complete application materials, give a written reply on whether to approve the preparation.
Article 11 The applicant shall complete the preparatory work within 6 months from the date of receiving the approval document from the China Banking Regulatory Commission. If there are justified reasons to extend the preparation period, a written application shall be submitted to the China Banking Regulatory Commission before the expiration of the preparation period, which may be extended for 3 months upon approval. If the applicant fails to apply for starting business at the expiration of the preparation period or extension period, the original approval decision for preparation will automatically become invalid. During the preparation period, it is not allowed to engage in business activities in the name of an auto financing company.
Article 12 An applicant shall, before the expiration of the preparation period or extension period, apply to the China Banking Regulatory Commission for starting business, and submit the following documents and materials:
(1) Report on the completion of preparatory work and report on the application for starting business.
(2) The capital verification certificate issued by the statutory capital verification institution in China and the pre-approval and registration of the name of the proposed institution issued by the administrative department for industry and commerce.
(3) Articles of association of the auto financing company.
(4) The name list and detailed resumes of the proposed senior managers.
(5) Names of shareholders and their capital contributions.
(6) Rules and regulations and internal risk control system for the business to be conducted.
(seven) the documents issued by the competent department on the safety acceptance of the business premises and other business-related facilities.
(8) Other documents required by China Banking Regulatory Commission.