Document Jin Gui [2026] No. 2 will be officially implemented on August 1, 2026.This "Provisions on the Explicit Comprehensive Financing Costs of Personal Loan Business" jointly issued by the State Financial Supervision and Administration and the People's Bank of China points directly to the industry pain point of insufficient disclosure of personal credit interest rates in the past, bringing about systematic and normative adjustments to the installment business of major used car markets. For China (Chongqing·Banan) used car export bases, this improvement of regulatory policies is not only a stage of optimization and adjustment of the industry's business model, but also an important opportunity to promote compliance operations and achieve coordinated high-quality development of domestic and foreign trade.

1. Core interpretation of the new regulations: all categories are covered, and all financing costs are uniformly disclosed

When many consumers apply for car loan installments, they often encounter low nominal interest rates. However, various additional expenses such as guarantee fees, service fees, and GPS installation fees will be incurred subsequently. Various fees will be collected in a decentralized manner, making it difficult to visually judge the overall financing cost., follow-up rights protection also lacks complete certificates. The regulatory regulations released this time have a wide scope of application. They are not only for online credit products. The installment business of offline scenarios such as used car mortgages is also included in unified management.

According to the requirements of the new regulations, all loan-related expenditures such as loan interest, guarantee fees, mortgage agency fees, and intermediary service fees need to be uniformly converted into annualized comprehensive financing costs. The standard "Comprehensive Financing Cost Express Table" should be filled out to list the charging items, collection entities and charging standards item by item; Fees in case of default such as overdue penalty interest and early repayment liquidated damages also need to be marked separately.

The document clarifies that in principle, business entities are not allowed to charge other loan-related fees other than the express form. At the same time, there are two types of business processing processes: online and offline: when offline stores handle installments, customers need to personally sign and confirm on the express form, and loans cannot be processed until confirmation has been completed; online business has a mandatory reading session, and customers can only confirm the information. Continue the processing process, business sites and official channels also need to proactively publicize the comprehensive loan cost reference range. The implementation of the rules follows the principle of new and old division. Newly added second-hand car installment business after August 1 strictly implements the new regulations and standards. Existing loans that have been lent before will be implemented in accordance with the original contract. If there is any case where charges have been deliberately concealed in the past, consumers can retain relevant certificates to protect their rights in accordance with the law.

2. Phased adjustment of the industry: Traditional business methods usher in room for optimization

After the implementation of the new regulations, the overall used car market will undergo an adaptation and adjustment cycle. On the one hand, the revenue structure of merchants needs to be re-planned. Most of the income of regional second-hand car merchants comes from vehicle price differences and installment business service income. Separately charging various fees has been a relatively common operating method in the past. If the original income level is maintained, the comprehensive annualized financing cost will increase accordingly, which may affect the choices of some customers; if the mainstream cost range of the market is maintained, the revenue space brought by the phased business will be narrowed, and merchants with an economy scooter within 50,000 yuan will feel more obvious. In the past, the promotion method that focused on promoting low monthly supply and low nominal interest rates is no longer applicable. Customers can clearly know all financing costs, and the conversion of phased business may experience short-term fluctuations.

On the other hand, the store's internal operating processes need to be further improved. Including the revision of contract texts, the archiving and retention of business data, and the sorting and screening of cooperative financial institutions, investment in compliance operations will increase for small and medium-sized merchants with insufficient internal management systems. At the same time, the base's cross-border procurement financing business for overseas purchasers also needs to follow unified information disclosure standards, and the design of financial plans needs to be more detailed and rigorous. In addition, operating methods such as split fees and private service fees that were common in the industry in the past will be gradually standardized in accordance with the requirements of the new regulations.

3. Organic in danger: Adhere to compliance management and release your own development advantages

The continuous improvement of regulatory rules can promote the continuous optimization of the market environment. For China (Chongqing·Banan) used car export bases that have long adhered to honest management, it is conducive to further developing their own operating characteristics.

Relying on the foundation of the Banan Bashi Used Car Integrity Alliance, the base takes the lead in implementing the standardized cost specification process, publicizing the comprehensive financing cost range of various phased products in a prominent position in the exhibition hall, standardizing the entire process of phased business, and not mandatory matching of insurance and high-quality vehicle installations. Additional services such as additional services rely on clear and transparent services to enhance customer trust and continue to improve the regional used car consumption experience.

4. Double-line optimization of domestic and foreign trade: creating a standardized used car export service system

Combined with the exclusive positioning of used car export bases, we simultaneously sort out and optimize service processes from two dimensions: domestic business and cross-border business. Internally, we will work with the Banan Automobile and Motorcycle Chamber of Commerce to connect with licensed banks and formal auto finance institutions, strive for more reasonable financing rates through centralized cooperation and negotiation, and drive all merchants in the alliance to jointly complete business compliance upgrades and unify business handling standards. Externally, we will sort out the cross-border procurement financing information disclosure process, unify various expense accounting methods, rely on standardized and standardized service systems to connect with overseas used car circulation channels, gradually form differentiated service characteristics, and help Chongqing Automobile's overseas business steadily advance.

5. Adhere to the bottom line of compliance and help the long-term development of the regional used car industry

The improvement of regulatory policies is a necessary process for the market to become standardized and mature. It will help select market entities that continue to operate in a standardized manner and promote the long-term and steady development of the entire industry. When consumers handle installment business, they retain all business vouchers, which can also better protect their legitimate rights and interests.

China (Chongqing·Banan) used car export base will strictly implement the requirements of Jin Regulation [2026] No. 2, lay a solid foundation for development with compliance operations, accumulate market reputation with transparent services, steadily expand the domestic consumer market and overseas export business, and strive to create a comprehensive used car service platform for standardized operations in the region.