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As much as 4.04 trillion yuan (1.4 billion) worth of automobiles were traded through retail channels across China in 2016, and the penetration of automobile financing had reached 35 percent. Compared to other retail sectors, automobile consumers are more traditional, meaning there is still huge room for upgrading and development, according to a report on the application of fintech in China's automobile finance sector published on Dec 12.
As part of the deal, Nio will establish in Hefei a company in charge of its China operations, including production, research and development and sales. Nio will remain headquartered in Shanghai.

As more flexible and efficient market operation mechanisms are being established, 91 listed companies controlled by 45 central SOEs have adopted an equity incentive scheme, Weng said.
As of Wednesday, the country's caseload had reached 25,937 with 552 deaths.
As of Monday, local governments had issued 854.26 billion yuan in bonds, which exceed the 782.14 billion yuan in the first two months of last year, according to China Central Depository and Clearing.
来源:资阳报