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Special coverage: Auto China 2006   Related publication:        Related readings: Chinese carmakers quick to slash prices Car sales rise 26.1% in Feb

A car loan service center has been set up in the Beijing Asian Games Village Automobile Exchange to provide credit service for various brands of passenger cars and commercial vehicles.

The center is invested by Xinyuan Guarantee (China) Co Ltd, which was established in January 2007 in Tianjin, its China headquarters, with a registered capital of 600 million yuan (US$77.45 million). Investors of Xinyuan Guarantee are investment banks from Japan and Hong Kong.

Xinyuan Guarantee mainly specializes in car credit business in addition to other businesses including credit guarantee and management, consultation and training services.

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The full text is available in the March Issue of AutoChina.

(For more biz stories, please visit Industry Updates)