CCTV News: According to the arrangements of the People's Bank of China, the first reserve requirement ratio cut will be implemented this year on May 15. Starting from May 15, the deposit reserve ratio of financial institutions will be lowered by 0.5 percentage points, and the deposit reserve ratio of automobile finance companies and financial leasing companies will be lowered by 5 percentage points. The deposit reserve ratio is reduced by 0.5 percentage points and is expected to provide the market with a long-term liquidity of about 1 trillion yuan. The reduction of deposit reserve ratios of auto finance companies and financial leasing companies from the original 5% to 0%, which will enhance the credit supply capacity of these two types of institutions for specific fields. CCTV Finance Comment: Tens of billions of funds are released, and the automobile industry is facing good news.

This time, the reserve requirement ratio cut, everyone is generally concerned about, "Improve the deposit reserve system of automobile finance companies and financial leasing companies, and reduce their deposit reserve ratio from the current 5% to 0% in stages." How much level of funds can this measure release?

Chen Hongbin, a special researcher at the China Financial Research Center of the School of Economics and Management, Tsinghua University, said that the total asset scale of my country's financial leasing companies exceeded 4 trillion yuan, the rate of deposit reserves was reduced by 5%, and the amount of funds released was 200 billion yuan. The total funding scale of car leasing companies in 2024 has exceeded 1 trillion yuan. If the deposit reserve ratio is reduced from the current 5% to 0%, the total amount of funds released exceeds 50 billion yuan, the release effect of this policy is about 150 billion yuan. If these funds are concentrated in a certain industry, such as durable consumer goods, take automobiles as an example, the scale is hundreds of thousands of vehicles, so the stimulus to this industry is very significant. At the same time, the release of funds of 100 billion yuan will also play a good stimulating role in my country's macroeconomics. CCTV Finance Comment: Auto Finance lowers the reserve requirement ratio and lending institutions will compete fully

After the implementation of the policy, auto finance companies have increased their capital liquidity, and some dealers have launched solutions such as zero down payment and long-term interest-free periods. Will this make more people choose to buy a car with loans? How will it stimulate consumers' willingness to buy cars?

CCTV Finance Commentary Liu Ge introduced that there are more than 20 auto finance companies in my country now, most of which are established by these automobile manufacturers. At present, the loan amounts of banks and auto finance companies are not much different, and both have their own advantages and disadvantages. Relatively speaking, bank loan interest rates are lower, but the auto financial services company established by automobile production companies understands consumer needs better and can provide lower down payments and more flexible loan methods. Now, the deposit reserves of auto finance companies have dropped to zero, which means that their capital turnover is faster and can invest more funds to consumers, which will promote the enthusiasm of auto finance companies. This will prompt the establishment of more auto finance companies, and automobile companies can also provide more comprehensive and diversified auto credit solutions and increase auto credit support. Ultimately, consumers may receive faster, low-interest loans, which are beneficial to automotive finance competition.