Ruifu Auto Finance Co., Ltd. is the17th professional auto finance company in China approved by China Banking Regulatory Commission, and the first Sino-foreign joint venture auto finance company established by a self-owned brand auto company with a registered capital of 2 billion yuan. The company is headquartered in Hefei, Anhui Province. The company was established in April of 20 12, and officially opened in June of the following year 1 year. The company's main business is to provide installment payment services for terminal car buyers and financing services for car dealers.
After more than six years of rapid development, the company's business has developed rapidly, risk management has been continuously improved, team building has been steadily promoted, and business performance has been rising, which has become a new force in the industry. By the end of 20 19 and 10, the company had provided auto financing services to more than 1 10,000 terminal car buyers, and continued to provide stock auto financing services to more than 230 JAC car dealers. The assets managed by the company exceed 22 billion yuan.
The company has business channels all over the country. As a headquarters-based financial institution, the customers of end-user auto financing business mainly rely on partners all over the country. At present, Riford has cooperated with more than 600 Jianghuai automobile dealers, about 400 automobile brand 4S shops and more than 200 regional business agents nationwide, covering all domestic mainstream automobile brands and 365,438+0 provinces and cities and counties and cities under its jurisdiction. Vehicle management departments all over the country can successfully complete the vehicle loan mortgage business (excluding Hong Kong, Macao and Taiwan).
The company's business field has been fully expanded. At the beginning of its establishment, Riford established the strategic development goal of "domestic auto finance industry leader", aiming at providing high-quality financing services for the entire auto sales industry. At present, the business field has been expanded to Jianghuai passenger cars, new energy vehicles, light commercial vehicles and all-brand passenger cars, light commercial vehicles, second-hand passenger cars and so on. Jianghuai heavy commercial vehicles and full-brand commercial vehicles are also under investigation and preparation. Ruifu is one of the most extensive professional auto finance companies in the industry.
The company has excellent risk control ability. Although the operation period is short, Ruifu's risk control ability inherits the century-old risk control experience and means of Santander Bank in Europe. On a solid foundation, the risk is filtered through product design, channel access, operation process and other links, supplemented by telephone verification, door-to-door visit, third-party data input and other dimensions to comprehensively evaluate the customer's performance ability, which has achieved good practical verification. Since it opened for more than four years, various risk indicators have been good, which has been recognized by the capital market and regulatory authorities.
The company's ability to collect money continues to increase. At present, the company has established a three-level collection system. The first level is the telephone collection by the customer service specialist at headquarters, mainly for early overdue customers; The second level is the door-to-door collection of nearly 100 people from all over the country, mainly for customers with serious defaults; The third level is to cooperate with a number of national or local leading collection companies to carry out outsourcing collection. Through the three-level collection team, the number of fraud and malicious breach of contract cases has been effectively curbed, which also provides a guarantee for the risk control audit department to further relax the threshold and conditions.
The company's service efficiency is leading in the industry. Based on the needs of the company's rapid development and fierce market competition, the operating efficiency of the company's various businesses has continuously crossed multiple steps, achieving and maintaining the leading edge in the industry. At present, the company's retail approval time limit is 2 hours, of which about 30% orders have been approved in seconds through the it system. For many high-quality partners in the country, the company further decentralized the approval authority, simplified and moved forward the loan requirements and nodes, which greatly improved the experience of dealers and customers.
The company has obvious advantages in financing. As a regular licensee, relying on the strong strength of the shareholders behind it, Ruifu has outstanding ability in external financing. At present, the company cooperates with more than 40 banks across the country, and the credit line of the same bank exceeds 20 billion yuan. Since the first issue of 1 billion yuan ABS in 20 17, up to now, a total of1/billion yuan ABS has been issued, and another10.50 billion yuan financial bonds were successfully issued in 20 19.
On the basis of rapid development in the early stage, with the strong support from all walks of life and shareholders from both sides, and with the efforts of all employees, Ruifu will become one of the leaders in the automobile finance industry with a brand-new attitude and vigorous pace, in order to stimulate domestic consumer demand, promote the development of the automobile industry, strive for the first place and achieve a great Chinese dream.